I was sitting by a pool in a sunny resort in Fiji. Next to me there was a piña colada with condensation beading on the glass. And I couldn’t put down The Grapes of Wrath by John Steinbeck. The pain and poverty of its heroes was jarring against the luxurious, tropical backdrop. After adjusting for inflation, someone in 1937 would need to have picked over half a US ton of peaches to pay for the piña colada I had. Nonetheless, the novel has unrelenting optimism about perserverence through hardship. Meanwhile, Benjamin Graham made 14.7% per annum during the Great Depression.
- The Grapes of Wrath by John Steinbeck
- The Intelligent Investor by Benjamin Graham (“There is no exact record of Graham’s earliest returns, but from 1936 until he retired in 1956, his Graham-Newman Corp. gained at least 14.7% annually … .”)
- "Escape (The Pina Colada Song)" by Rupert Holmes
- First Landing Resort
The image above was remixed using the following source image:
- http://www.loc.gov/pictures/item/fsa2000000962/PP/ (public domain)