So everyone in 2012 is an expert. Recently, I was speaking on a panel concerning music business trends in 2012 (Easy: Record industry is slowly shutting down, the music business is fine). Then the subject turned to the issue I thought we've covered ad nauseam: “Poor man’s" anything.
There are very few businesses in the world as dense and impenetrable as the music business. It is surrounded by so much mythology that Greek and Roman tales of godlike daring can barely compare. For decades, musicians have solemnly passed down incorrect information as if each piece of wayward advice were some type of nugget worth its weight in nickel and silver frets. Additional misinformation was then added by your bandmate Bob to create a further mutation of what was already incorrect to begin with.