Tag: investing

The Wizard of Oz as Monetary Allegory?

As an active investor I read a lot of books on eco­nom­ics and invest­ing. What I didn’t expect was to find lit­er­ary inter­pre­ta­tion of an Amer­i­can children’s clas­sic in Ken Fisher’s The Only Three Ques­tions That Count. Invest­ing by Know­ing What Oth­ers Don’t! Evi­dently, despite L. Frank Baum’s asser­tion that it is a story to enter­tain chil­dren, there have been per­sis­tent attempts to under­stand The Won­der­ful Wiz­ard of Oz as politco-​​economic alle­gory. Evi­dently, there’s been dis­cus­sion of this at least since the 1930s. Baum was polit­i­cally active in the 1890s and many read Oz as sid­ing with the silver-​​based mon­e­tary pol­icy against those want­ing a gold stan­dard. “Oz” is “ounce of Gold”, the yel­low brick road is gold, of course, Dorothy’s pow­er­ful shoes (con­tra MGM’s movie ver­sion of the story) were sil­ver. I’ll leave the details to those who want to read more about it.

The Log
I record here my progress accord­ing the met­rics of page and word count and pages read. The num­bers are cumulative.

Today’s PDF Page Count Word Count Pages Read
Click here. 39 8677 1300