Thursday, December 9, 2010

Cult Fiction: Investing in Penny Stocks

Readers often find a great novel from a small press, one that will eventually be sold to a larger New York house and gain a wider audience, thus becoming part of what I like to call the "literary psyche." It's exciting to make such a find. This is no doubt how early readers of Ernest Callenbach's Ecotopia felt when they found the book before it became a cult classic, selling millions of copies for Bantam. Prior to that, Callenbach had published the novel with Banyon Tree Books, with Harper's magazine also issuing a condensed version.

Finding a great piece of cult fiction is like finding a penny stock destined for bullish movement on Wall Street. I myself collect first editions--an expensive hobby, to be sure--but as this site indicates, I also love to find a title that has the potential to "break out," as they say in publishing. Some titles do, some don't, and some take the literary scenic route.

I'm not really talking about a title's monetary worth, although owners of early editions of Woody Guthrie's Bound for Glory , for example are sitting on a lot of money. The same can be said for the novels John Grisham sold from the trunk of his car before he became mega-famous. And so forth. I'm talking about buying stock in an idea, a trend, knowing that you've found treasure in a book that is circulating in cult and underground circles. Non-readers won't know what I'm talking about. Fiction junkies--you already get it.


About This Website
Index of Articles on This Website
What Is Cult Fiction?
Is Cult Fiction the Same as Underground Fiction?
Cult Fiction and Genre
Cult Fiction and ON THE ROAD
Moby-Dick: The Ultimate Cult Novel
John Lennon and the Mercy Street Cafe: Cult Fiction in the Making?
The Next Wave of Cult Fiction
List of Cult Fiction Classics
Cult Fiction Websites
Current Trends in Fiction
Literary Fiction
Breakout Fiction
Literary Agents
Self-Published Novels
Understanding the Literary Marketplace
Emerging Writers in the Literary Marketplace
Resources for Writers
About Cat Spaulding