Multiple book copies

“Write Once, Sell Many Times?” AI May Be Ending the Most Profitable Idea in Publishing

Summary: The publishing industry has historically relied on the “write once, sell many times” model, incurring high fixed costs for creation but recovering them through low-marginal-cost distribution — a system amplified by digital media like podcasts and videos. AI disrupts this by enabling personalized content generation for each user, but this new model contradicts the…

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Football and brewing

Forcing consumers into your walled garden is good business — except that it irritates your customers

Summary: Modern technology often delivers real improvements, but the benefits come with hidden costs and new hassles for consumers. What used to be simple and free now lives behind subscriptions, inside special gadgets, with recurring fees that leave us wondering whether “better” is really better. I’m a Redskins fan. My best friend is a Ravens…

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Woman surfer

“When you’ve got a wave, surf!” — Finding the sparks of new life in a bleak landscape

Summary: The culture and publishing go through cycles: vitality, excess, decline, collapse, and eventual revival. Renewal is already stirring. There are hopeful signs: a shift away from ad-supported free content, the rise of new media and podcasts, ongoing experimentation similar to early newsletter days, and the potential of AI as a helpful tool. The September…

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Saintly marketing exec

Ride the next wave in business: Be a human!

Summary: People are sick of doing business with rapacious companies that put profits above people. This presents an opportunity for honest businesses. I don’t mean human vs. AI (also worth considering). I mean human vs. monster. Here are some depressing statistics about humans. Somewhere between 1-6% of us are narcissists. Machiavellianism is similar, but a…

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car salesman

Anchoring bias and how to avoid it

Summary: Anchoring bias is a cognitive bias that makes us latch on to the first bit of data we hear. This post discusses eight ways to combat this bias. Daniel Kahneman might be best known for his book “Thinking Fast and Slow,” which I haven’t read, but I’ve read and heard a lot about Kahneman’s…

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