"Lossless compression is benign in its effect on the music. It is akin to LHA or WinZip computer data crunchers in packing the data more efficiently on the disk, but the data you read out are the same as went in."
...but then recommend uncompressed over lossless compression for "serious listening":
"We recommend that, for serious listening, our readers use uncompressed audio file formats, such as WAV or AIF—or, if file size is an issue because of limited hard-drive space, use a lossless format such as FLAC or ALC."