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Alexi Horowitz-Ghazi

๐Ÿ‘ค Speaker
See mentions of this person in podcasts
1089 total appearances

Appearances Over Time

Podcast Appearances

Planet Money
BOOKstore Economics

Now, running an independent bookstore, Fisher explains, is a game of thin margins.

Planet Money
BOOKstore Economics

Order too few copies of a popular new book, and you'll be depriving your store of much-needed financial lifeblood.

Planet Money
BOOKstore Economics

Order too many, and you'll be clogging up coveted shelf space that could be holding more lucrative titles.

Planet Money
BOOKstore Economics

So you're kind of the risk-taker around here.

Planet Money
BOOKstore Economics

Every book that Fisher does consider taking a bet on has to make it through a series of hurdles, a kind of existential decision tree, before they can land a place in Carmichael's bookstore.

Planet Money
BOOKstore Economics

The first question Fisher asks, should they buy any copies of the book at all?

Planet Money
BOOKstore Economics

It really is like a real estate puzzle that you're solving all the time.

Planet Money
BOOKstore Economics

Looking around the store, this scarcity issue is clear.

Planet Money
BOOKstore Economics

The whole place is around 1,800 square feet divided into two rooms, which means Fisher's got to make some tough calls.

Planet Money
BOOKstore Economics

For those that do make the cut...

Planet Money
BOOKstore Economics

Or should Fisher order two copies, knowing that doubling down can actually make a book more visible to passing customers?

Planet Money
BOOKstore Economics

If Fisher wants to up the ante, the next biggest bet would be to buy a total of four copies.

Planet Money
BOOKstore Economics

That is the minimum number they need to qualify for the display table.

Planet Money
BOOKstore Economics

This is a table right in the center of the store where a very lucky selection of new books are stacked several copies high,

Planet Money
BOOKstore Economics

So this is sort of like the most prominent billboard or placement in the store?

Planet Money
BOOKstore Economics

This is like the Holy Grail.

Planet Money
BOOKstore Economics

Or at least on the path towards the holiest grail of all.

Planet Money
BOOKstore Economics

Is that the shelf right behind us?

Planet Money
BOOKstore Economics

Fisher and I turn around and right there in front of us, like a wooden shrine to the almighty book market, was a real physical encapsulation of the bestseller list in one bookshelf.

Planet Money
BOOKstore Economics

At the top, a little festive banner proclaims bestsellers 20% off.