Issue 021 The Journal

Why familiarity wins markets.

7 min read August 2026
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On the evening of May 29, 1913, a new orchestral score received its premiere in Paris, and within minutes the audience was shouting over the music, then over each other, until the commotion grew loud enough that the dancers on stage could reportedly no longer hear the orchestra at all


By most contemporary accounts, it was one of the most disastrous premieres in the history of orchestral music. The composer, watching from the wings, fled backstage in something close to panic. Fights reportedly broke out in the aisles

That score was Igor Stravinsky's The Rite of Spring, and today it is performed by essentially every major orchestra in the world, studied in every serious conservatory, and routinely described as one of the most important compositions of the twentieth century

Not a single note of the piece changed between the riot in 1913 and the standing ovations it now reliably receives. The rhythms are the same jagged, irregular patterns that unsettled the original audience. The dissonances are the same ones that provoked shouting matches in the theater. What changed, over the following decades, was never the composition. It was the audience's familiarity with it

This is worth sitting with carefully, because it overturns a comfortable assumption many businesses carry about their own market: that quality, given enough time, simply reveals itself to any reasonably attentive observer. The Rite of Spring suggests something closer to the opposite. A work's actual merit was there, fully formed, from the very first performance. What was missing wasn't quality. It was the repeated exposure necessary for an audience's ear to become capable of perceiving that quality at all


Repetition doesn't just build comfort. It builds perception

The riot in 1913 makes more sense once the mechanism is understood properly. Genuinely unfamiliar complexity, encountered for the first time, tends to register in the mind not as brilliance but as threat, or at minimum as an unpleasant kind of disorientation. The audience that night wasn't rejecting bad music. They were rejecting music their ears had no existing framework to process, and the disorientation that produced expressed itself as hostility rather than curiosity

Repetition resolves this in a way that mere explanation cannot. Each subsequent hearing of the piece gave audiences another opportunity to recognize a pattern they had begun, faintly, to register the time before, until what had once sounded like chaos gradually resolved into structure, and what had once felt threatening began to feel, instead, inevitable, even beautiful. The composition never simplified itself for the listener. The listener's capacity to hear it accurately simply grew, one exposure at a time, until the piece's actual sophistication, present from the very first performance, finally became audible

This is the deeper argument buried inside the more familiar observation that repeated exposure increases liking. It is not simply that people grow fond of things through sheer habit, though that effect is real enough on its own. It is that repetition often provides the only pathway by which genuine quality, too complex or unfamiliar to be grasped on first contact, ever becomes perceptible to an audience at all. A business withholding repeated exposure from its market isn't merely missing an opportunity to be liked. It may be denying its own genuine sophistication the only mechanism by which it could ever actually be recognized


Memory, not capability, is what the market actually tracks

There is a further complication worth naming plainly. A company's underlying capability, its actual skill, judgment, and quality of work, changes relatively slowly and often invisibly to anyone outside the organization. What fluctuates far more visibly, and far more consequentially for how the company is chosen, is its memorability: whether it happens to occupy a place in the mind of the person currently facing a relevant decision

These two things are frequently, and mistakenly, treated as though they must move together. They do not. A highly capable firm that has gone quiet for a year is, in any practical market sense, less findable than a merely adequate firm that has stayed visible throughout that same period, and findability, in the moment a decision is actually made, tends to outweigh a theoretical capability advantage the market never had the opportunity to encounter. The market cannot choose what it cannot recall, regardless of how deserving the forgotten option may have been

This is an uncomfortable asymmetry for any business that takes genuine pride in its craft, because it suggests that capability alone, however real, is never sufficient on its own terms. It has to be paired with enough consistent memorability that it actually has the chance to be weighed against the alternatives a buyer does remember


Why the isolated triumph rarely converts unfamiliarity into comfort

A single, spectacular performance of a difficult piece does not, on its own, accomplish what The Rite of Spring eventually accomplished over decades of repeated hearings. One outstanding concert leaves an audience impressed for an evening and returns them, the next time the composition is programmed, to something close to the same starting unfamiliarity they began with, unless the intervening years included further opportunities to hear it again

This is precisely the trap that occasional brilliance sets for companies who invest heavily in a single dazzling campaign and then fall silent for long stretches afterward. Each isolated triumph is genuinely impressive in the moment it occurs, and genuinely insufficient to build the accumulated familiarity that actually shifts how a market perceives a name over time. The audience is returned, again and again, to the beginning, having to rediscover the company anew each time rather than building on a recognition that was already forming


The ordinary version of the same mechanism

None of this requires an orchestra to observe. It shows up in the plainest corners of everyday commerce. A neighborhood bakery becomes, over years of simply being open every single morning, the place people default to without particularly deciding to, not necessarily because a rigorous comparison ever concluded it made the best bread in the district, but because its presence, repeated daily, quietly became the assumed answer to a question most people had stopped consciously asking. A professional firm becomes the name colleagues mention first in casual conversation, not always because every person recommending it has directly experienced its work, but because the name has simply been encountered often enough, in enough adjacent contexts, that it now arrives pre-loaded with a comfort that feels, to the person recommending it, indistinguishable from genuine conviction


Why this isn't the vanity it resembles

It's tempting to dismiss this entire mechanism as shallow, a market rewarding mere repetition over substance, and to conclude that chasing visibility for its own sake is beneath a company that takes its actual craft seriously. The Rite of Spring argues against that conclusion directly. The repetition that eventually made the piece beloved did not replace its quality. It was the only mechanism by which that quality, genuinely present from the start, ever became something an audience was equipped to recognize

Repeated visibility, understood this way, is not a shortcut around substance. It is very often the necessary precondition for substance to be perceived at all, particularly in categories complex enough that a first encounter cannot fully register everything a company actually has to offer. A firm that withholds consistent presence isn't preserving its dignity by declining to chase attention. It may simply be ensuring that its own genuine sophistication never gets the repeated hearing it would need to finally be heard correctly

Stravinsky's score did not change between the riot and the standing ovations that followed it decades later. Being remembered is often the first step toward being preferred, not because memory substitutes for quality, but because quality that is never encountered more than once is quality that never gets the chance to be properly understood at all