Rediscovering Greatness

After five years and seventy different verses, Leonard Cohen finally released Hallelujah in 1984. The mega hit that we know today came onto the scene with a deafening silence, it was an absolute failure. Cohen was performing a few years later, and musician John Cale, who was in the audience, was enthralled by the song. He did his own cover which was released in 1991, and again the song did not do much commercially.

One day Jeff Buckley was at a friend’s house and popped in Cale’s CD. He had a similar emotional response to the first time Cale heard Cohen sing it. So he decided to do his own cover, which became the version we hear everywhere today. This song was released in 1994 and the album peaked at just 160 on the charts. But in 1997 Jeff Buckley drowned and the tragedy sent Hallelujah sky rocketing up the charts, fifteen years after Leonard Cohen recorded the original.

I see somebody with a guitar singing Hallelujah in the subway all the time, so why did it take fifteen years for listeners to fall in love with it?

This incredible story so eloquently told by Malcolm Gladwell has similarities to an unbelievable book I just read, Endurance.

Endurance is the story of Shackleton’s incredible voyage across Antarctica, brilliantly told by Alfred Lansing. First published in 1959, the book was a flop and fell out of print two years later. And then in 1986, after twenty-five years without a single copy published, the rights to Lansing’s masterpiece were bought by Kent Carroll. The book sold five thousand copies in its first year and never looked back.

Here is Lansing painting an agonizing image for his readers:

The clothes the men wore, now that they were sitting almost motionless, froze stiff. Not only were their garments wet from the spray and the snow, they were also worn and saturated with the oil secreted from the men’s own bodies during the six months of constant wear. If a man shifted his position, even slightly, his skin came in contact with a new, unwarmed surface of his clothing. Everyone tried to sit still, but it could not be done. The weariness, the lack of food, the exertion, and the worry had weakened them so that the harder they tried to sit still, the more they shivered- and their own shivering kept them awake. It was better to row. Shackleton in the Caird doubted that some men would survive the night.

The book is filled with powerful passages like this, so it’s not surprising that Endurance has sold half a million copies. But why did it take readers a few decades to embrace it? It’s not too often that talent slips through the cracks.  LeBron James and Michael Jackson are almost always found. But sometimes, for unknown reasons, greatness must be rediscovered.

Source:

Revisionist History

Source:

Endurance

 

 

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

The Compound Media, Inc., an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.