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titled new book, “Damn It Feels Good To Be A Banker“, which I haven’t read, nor have the time to, nor really care to, is obsolete: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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