The Disruption of Prestige

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Michael Wolraich: I think all awards processes stand to be disrupted in the next 10 to 20 years. He says there's no real logic to them, that it ends up being faintly small people in some way. "The opposite of prestige or that sort of chasing prestige might be authenticity," he says. 'This is big part of my thesis'

Friend-of-the-show (and new O’Shaughnessy Ventures team member) Liberty RPF joins Jim and fellow friend-of-the-show Jimmy Soni to discuss the current state of the publishing industry and the new opportunities emerging for current and aspiring authors. Important Links:

Show Notes:

How has the publishing industry changed?
Reinventing the audiobook
The living book
Towards new book pricing models
Why the traditional publishing industry is becoming unsustainable
The tragedy of unwritten books
A rejection from a traditional publisher is meaningless
What do traditional publishers do well?
The importance being invested in the success of a product
Leveraging AI & other tools in the writing process
Why the publishing industry is successful
Increasing the power of individual creators
Change, prestige & disruption
Playing the right kind of status games
Aligning quality with meritocracy
MUCH more!

Books Mentioned:

The Founders; by Jimmy Soni
A Mind at Play; by Jimmy Soni & Rob Goodman
Rome's Last Citizen: The Life and Legacy of Cato, Mortal Enemy of Caesar; by Jimmy Soni & Rob Goodman
What Works on Wall Street; by Jim O'Shaughnessy
Invest Like The Best; by Jim O'Shaughnessy
Can't Hurt Me: Master Your Mind and Defy the Odds; by David Goggins
The Psychology of Money; by Morgan Housel
The 4-Hour Work Week: Escape the 9-5, Live Anywhere and Join the New Rich; by Tim Feriss
Harry Potter; by J. K. Rowling
Reality Hunger; by David Shields
$100M Offers: How To Make Offers So Good People Feel Stupid Saying No; by Alex Hormozi
The Status Game: On Social Position and How We Use It; by Will Storr