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fat tail

Here’s Nassim Taleb’s variation on an old joke:

“You have a million manuscripts on the market, for novels and fiction, and most people who write novels in America – I don’t know about Europe – they work for Starbucks.”

I have to say, it’s pretty much the same this side of the lake. Taleb goes on to explain that of those million manuscripts, maybe twenty thousand will be published, and about thirty-five will make the majority of the profit.

So who’d be a writer?

Erm, me?

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