Emotionally Satisfying Investments: Works on Paper
Arnoud Gerits, the President of ILAB, the International League of Antiquarian Booksellers, was interviewed recently in the Hong Kong Economic Times and mentioned that book collecting should be understood as a passion, not an investment. He’s quoted on book collecting: “ILAB does not recommend buying books as a financial investment.” “Don’t buy them as an investment: it is the wrong angle to look at books. Buy them because you love books, you love a subject..." Is he suggesting it’s not possible to both love books and buy them as investments? Book collectors certainly believe their book...