You Think You're Diversified, AI Disagrees — ft. Torsten Slok
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But that's not really working anymore. Now publishers are scrambling for new lifelines. Neil Vogel, who runs People Inc., says his company figured it out a couple years ago.
You would think, given what everyone said about us, that we would be the guys that would be doing the worst now. We're kind of the guys doing the best now.
I'm Peter Kafka, the host of Channels, the show about tech and media and what happens when they collide. You can hear my conversation with Neil Vogel now, wherever you listen to your favorite podcasts. Today's number 40. That's the percentage of Americans who didn't read a single book last year. True story, Ed. I just read a book on the Dunning-Kruger effect. Ask me anything.
Listen to me. Markets are bigger than us. What you have here is a structural change in the world distribution.
Cash is trash. Stocks look pretty attractive. Something's going to break. Forget about it.
I don't think you're a non-expert on book writing at this point. How many books have you written now?
I want to say I've written more books than I've read in the last five years. That would reveal me for the pseudo-intellectual douchebag I actually am. Supposedly, my publisher told me 1% of the popular spies, 90% of the books, which I believe.
Wow.
Do you read a lot, Ed? I try to. As Yoda said, there's do or do not. There is no try.
All right. I guess in the past two months, I have not been reading enough. But before that, I was reading very frequently. I'm going to have to get on to the writing the books game.
A little Miss Sunshine here once as an agent at CAA. She's pretty soon going to have a book agent. I don't like it when people aren't dependent upon me for their livelihood. So, Ed, what are you doing in Palm Springs?
Got a speaking gig. Just got here yesterday. First time in Palm Springs. I'm shocked by how nice it is here. I had no idea. I showed up to the airport and there's literally a gigantic mountain range right in front of me. Perfect weather. extremely pleasant, really nice airport, by the way. And then the drive was just incredible. It's like this beautiful mountainous desert with also palm trees dotted all over the place. I'm just kind of shocked by how great Palm Springs is. I had no idea.
Ed, gay people like Palm Springs, and you didn't know that it's wonderful? No. I mean, come on, dude. Well, now I know. It's wonderful. It's got amazing sunsets. It's got a nice vibe. It's got a lot of Neutra architecture. In case you don't know, that's a famous mid-century modern architect. Wow. Yeah, it's wonderful.
How are you and where are you? And I also want to hear about Minneapolis.
Oh, I bet you do, you jealous bitch.
Yeah.
I'm back in New York. Since I last saw you, I was in Vegas, which was great. I went for the opening of the Zero Bond Club there at the Wynn Hotel. Has anyone ever said anything more douchey than that? And then I got up at O Dark 100 yesterday, flew to Minneapolis for a much different environment. A lot of white people resisting and unsubscribing. And that event was great. Sold out the Pandasius Theater, according to the folks who run the theater, faster than any event. That was great. We interviewed Governor Walz. People feel very unified in Minneapolis. It was really, people feel very... I know. Very strong community feel there right now.
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