"Old Man" is an account of Young observing an older man on his ranch and noting the similarities in their lives. Like many of Young's songs from the time, it has an acoustic country-folk backbone, with low-key rock undertones.
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Happy 68th birthday to Neil Young, one of the great storytellers in rock history. Sounded great when he was 24 and his songs have aged very well over the past 40 plus years.
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