There are occasions on which one feels like reading something new, and other occasions on which one wishes to re-read an old favourite - eg for me, re-reading Dickens is like meeting an old friend all over again. It certainly doesn't have to be "all one" or "all the other"; there is a middle ground.
That is, I think, one thing that defines great literature - the quality that you can repeatedly re-read it and get something new and pleasurable from it.
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