In February each year I go to a conference in Florida, then in early May there is Buffett’s Omaha shindig, and in June I host our own conference VALUEx Vail (here is a link to some presentations from this year’s conference). Last year we created a new tradition – Boys’ Culture Trip. Grandfather, father (me), and grandson (thirteen-year-old Jonah) drive to Santa Fe.
Why Santa Fe? It’s a modest-sized – town the population is a mere 70 thousand –about 300 miles from Denver. However, in the summer it becomes quite the little cultural oasis. Despite its size it is home to 350 art galleries and the Santa Fe Opera. The majority of galleries are located on Canyon Street – a narrow thoroughfare that at one point was probably just another sleepy residential neighborhood with a few hundred one-story adobe houses – now converted into galleries.
A million art lovers come to Santa Fe every year just to walk that street and browse in the galleries. (I imagine some might even buy a painting or two.)
As I write this I realize I’ve been receiving similar tours from my father since I was seven. On any vacation my parents would always find a museum to visit. We’d be near a small, remote village on the Volga River, with one broken-down road leading into town, surrounded mostly by cows, and my parents would inform me that there was museum in the house of a famous Russian painter nearby, and we’d have to check it out.
A few times a year we’d go to Moscow to visit my father’s parents, and every time my brothers and I would be taken my father’s favorite museum: the Tretyakov Gallery (think of it as Moscow’s equivalent of the Hermitage).
I’ll be honest: I went not because I had a great love of art but because I had no choice. We’d look at a picture and my father would ask me what I thought about it. He’d actually listen patiently to my opinion, and this always made me feel good – I felt important. He’d never disagree, but then he’d share his thoughts. He would patiently explain each painting, telling me its story, pointing out things that I’d never thought to think about, providing perspective both as an art expert and an artist. Going to a new city with my father and not going to museum was not something that was done.
Fast-forward twenty, thirty years. Every trip I have gone on with my father the past decade – and we usually travel together a few times a year – we have visited a museum or two. Again, not because I have a great desire to see paintings, but because my father puts art on the agenda. I enjoy art, but it is a very light form of enjoyment, unlike my appreciation of classical music, which I actively seek out and listen to all the time. I am a passive, you might even say a reactive, art aficionado. As I got older I realized that my enjoyment of art came through listening to my father explain it to me.
Back to Santa Fe. In the evening last year, after we visited a few dozen galleries, we went to the Santa Fe Opera to see Donizetti’s Don Pasquale. TheSanta Fe Opera has one of my favorite opera houses. Its exterior is constructed of adobe, just like the rest of New Mexico, but there are no walls to the sides or behind the stage. The opera house sits on a hill overlooking a beautiful mountain range. In a normal opera house, when the overture starts, the lights slowly dim. Not here. The opera starts at 8:30 pm, as, almost as if by request, the sun slowly sets (beat this, Met!)
I’ve been to many operas, all over the world, but this was the first opera that had tailgate parties in the parking lot. But this was not your hotdog and beer football gathering. Opera lovers, dressed nicely for the occasion, brought their portable tables, with white linen cloths for them, and some even had flowers and candles. This was a wine, steak, and fine cheese kind of tailgate event with genuine wine glasses and fancy silverware.
The Santa Fe Opera House holds about two thousand people. I looked very carefully, and there was not a single other child there; Jonah was the sole casualty. He cracked a lot of jokes about voluntarily subjugating himself to a few hours of screaming and how it would cost me a lot of ice cream the following day. I felt somewhat guilty, and I even bought him Sprite. (We don’t usually let our kids drink soft drinks, so it was a big deal for him.)
This was the first time I had experienced Don Pasquale, and it was terrific. Unlike most operas, which are tragedies in which a heroine usually dies at the end, this one was a light-hearted comedy. The humor kept Jonah occupied, and he ended up enjoying it.
Jonah is just a regular, skiing- and basketball-loving thirteen-year-old. But he voluntarily came along on a seven-hour (each direction) driving trip for the second time to see paintings and watch opera (screaming). Why? I think the answer is simple: for the same reason I go to museums with my father; he wanted to spend time with grandfather and me.
I don’t know whether Jonah will love classical music or opera when he grows up. I Don’t know if he’ll love art, either. My parents never pushed me toward either one. All they did was take me to museums and listen to classical music at home. Music became an important part of my life.
I am not going to push Jonah to become an opera lover, but as long as he enjoys spending time with me and his grandfather, maybe he’ll develop a mild appreciation for art or music.
Vitaliy N. Katsenelson, CFA, is Chief Investment Officer at Investment Management Associates in Denver, Colo. He is the author of The Little Book of Sideways Markets (Wiley, December 2010). To receive Vitaliy’s future articles by email or read his articles click here.
Investment Management Associates Inc. is a value investing firm based in Denver, Colorado. Its main focus is on growing and preserving wealth for private investors and institutions while adhering to a disciplined value investment process, as detailed in Vitaliy’s book Active Value Investing (Wiley, 2007).