"The real tragedy to me is yes, it's hard for writers," Ferriss says. "I wish things were a lot easier for Jimmy and he made a lot more money" He suggests that if people have a great idea they should just get it done; then see what happens. Tim Ferriss: In 2023 I would tell the young J.K. Rowling, write the book, make it great, upload it to Amazon,. And if it takes off, you are going to be the one who profits from this.
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