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“Asch took from his bankruptcy an important lesson: he decided that he never wanted to record another hit record. In early 1949, he commented to an unnamed writer from People’s Songs (the newsletter of left-wing folk music) that he had “focused too much time and money on popular jazzâ€� and from this point forward he would focus on “good records,â€� which would be “sold to a small circle of people who will buy them.”