Damn It Feels Dumb To Be A Published Author
Posted by timothysykes on Thu 21st of Aug, 2008 01:35:31 PM
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Hey, I like reading the blog, Leveraged Sellout. No matter that he writes about as often as a penny stock isn’t a fraud, aka rarely, the guy’s funny and entertaining.
I mean back when I was a media whore, I was pretty jealous when over a year ago Businessweek called him “The Borat Of Wall Street” (see article HERE), but now I’ve outgrown that stage so all I can take out of that article is the fact that Businessweek was impressed by his 120,000 monthly page views, which is basically a week’s work for me now.
And this, in a nutshell, is the problem with publishing books through traditional methods–it takes forever aka 2 years. 120k views might’ve been good for a business blog back in early 2007, but now it’s shit. And Leveraged Sellout, real name Amit Chatwani’s, amazingly inaccurate titled new book, “Damn It Feels Good To Be A Banker“, which I haven’t read, nor have the time to, nor really care to, is obsolete:
Cuz now it sux to be a banker.
It sucks so bad it’s really not even that much fun to poke these prick wannabe rich assholes right when they’re in the midst of getting schooled in economic cyclicity. And, considering how few reviews have been written–Radar Magazine LOL–and poorly this book’s selling–Amazon rank of 1,000-2,000 means basically 50 books/week–especially after all the big hoopla back in June 2007 when he signed his probable six figure deal–and right around the time I decided to reject a $35,000 advance offer from Wiley–he got waaaay more cuz he was making fun of finance, not trying to show how great it was…and had a 120k page views LOL–this is a great lesson for all authors and wannabe authors to ponder whether their topic is time sensitive.
PS Getting close to 7,000 books sold of An American Hedge Fund, the official minimum to be considered a “best-selling author” even as I’m enjoying 60% margins–as opposed to industry standard 5-10%–and I got it into readers’ hands within 3 months of writing the thing!
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TIM Trades
View All| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| July 2 | KIRK | $10.60 | $11.53 | $1377 |
| June 30 | ISRL | $107.97 | $118 | $985 |
| June 24 | LZB | $4.53 | $4.81 | $1240 |
| June 17 | GWSC | $1.86 | $2.76 | $2679 |
| June 15 | SHZ | $1.66 | $1.83 | $280 |
| June 15 | SPNG | $0.11 | $0.18 | $630 |
| June 12 | JAZZ | $2.84 | $3.26 | $380 |
| June 12 | MAPP | $9.68 | $10.07 | $565 |
| June 8 | HEB | $3.00 | $4.18 | $334 |
| June 3 | GROW | $8.64 | $8.96 | $740 |
| June 3 | SYMX | $1.21 | $1.11 | $940 |
| June 1 | USCN | $0.55 | $0.86 | $260 |
Total: $65,674 (421%)
13:35 Food Technology Service (VIFL): color on move higher (2.75 +0.80)
Food Technology Service (VIFL), which provides irradiation services for food items, is up 40% today. The move is apparently in reaction to an AP report that the government will allow food producers to start zapping fresh spinach and iceberg lettuce with just enough radiation to kill E. coli and other dangerous germs.
Oil is overextended and due for a retracement tim, do you think airlines might be a good long? I made 12% today btw, missed out on 5% though due to market timing
zalowitz u dumb jew, do u not understand i could care less about macro guessing games like oil? i like pump and dumps, find me stocks up 200-500% in a few days and then i’ll care
Quite true. Nowadays, with the net we don’t really need a publisher to distribute books. It is much better to market them directly.
Timmay! You’re are absolutely amazing dude…16 hours away and it’s like you never left?!?!?! What the hell are you on and how come you are not sharing??? You’re an inspiration and you’ve made me a better trader 100 times over! All hail to the mighty Tim, leader of the Jew Crew! Im happy to be part of the Jew Crew…Jew crew! jew crew! jew crew!
Don
yah vifl turned out to be good for 50 cents, a shame, wish it was gonna be a multi-day runner
new post:
http://www.timothysykes.com/ti.....ding-life/