Friday, May 20, 2011

1955 Pocket Library Paperback Moby-Dick

Our first idea for this post was the nice comparison of the cover art between this edition and the previous post.

Essentially, this is the same depiction of a whale destroying the whale boats with the whaling ship in the background, allowing the viewer to know that there is some measure of safety in the trade, despite the obvious dangers.

Yet, upon further review of the 1955 Pocket Library cover, we all agreed that there is a bigger issue here to be illuminated.

The cover price of the book is 35 cents. That lead to a lively discussion of money, wealth, financial security and ultimately things treasured. In 1955 the purchaser turned over, most likely, a quarter and a dime in exchange for this book, would this be the only purchase.

Today if we were to sell it we would accept as fair 35 cents for it. Hence it could be argued that the book held some of its original value over the decades. We all are aware obviously that the 35 cents today is worth a whole lot less than the 35 cents of 1955.

The coins tendered in 1955 would have been silver, and the coins received today would not. That alone would account for a huge different in the intrinsic value of the book, then and now.

Thus this book is illustrative of the importance of safe guarding ones investments. For over time, those investments degrade and lose their value, despite all efforts to the contrary. It is the natural order of the universe: decay with time.

Wether we are concerned with Moby-Dick editions or stocks, bonds, real estate, or silver one must keep an alert eye on ones investments, it is important not to let them lose value because there is no whaling ship out there to rescue you when your investments decay. The 35 cents of 1955 is not the 35 cents of 2011. Each one of us is captain of our own whale boat and solely responsible for those in it with us, trite as that and this post seems.

As this is published we are managing our elderly parents in the last leg of their voyage, and that makes us aware of our voyage and hopefully we manage that for our children, so that there is some treasure of love left for them.

No comments:

Post a Comment