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...I'd also argue that most people do not ever re-read their books. So even if you lose a bunch through bankruptcy and hardware failure, the loss is slight. You might even be able to borrow from your local library by then.
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Do most people really not re-read their books? I admit that I don't re-read EVERY book, but most things that I like -- yeah, I re-read them. I have the opposite of a "mind like a steel trap." I can pick up a book I read a year ago, and think, "Hey, this is good! Wonder what happens in the end?" :-)