"I couldn't live a week without a private library - indeed, I'd part with all my furniture and squat and sleep on the floor before I'd let go of the 1500 or so books I possess"

H. P. Lovecraft's quote talks to the importance of books in his life. He values his library a lot that he would rather give up all of his furnishings and sleep on the flooring than part with his books. This suggests that books are essential to his life, providing him with knowledge, entertainment, and convenience. He likely uses his library to explore new ideas, to escape into different worlds, and to find solace in the written word. His quote likewise implies that books are a type of security for him, a source of stability and familiarity in an ever-changing world. It is clear that books are an essential part of Lovecraft's life, and that he would be lost without them.