Jan 6, 2011, 10:06 PM
Post #1 of 4
I landed a book contract this year at age 61 with FT Press for a book on the stock market which combines investigative journalism and historical research to unravel the significance of last May's Flash Crash. The book is entitled, "Crapshoot Investing: How Tech Savvy Traders and Clueless Regulators Turned the Stock Market into a Casino." Here's the amazing part: The publisher contacted me! I had written a 600-word column for Barron's on the topic and the publisher asked if I could turn it into a book! For years, I had been pitching books to agents and getting rejection slips.
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My daughter, a lawyer ,had the contract reviewed for free. No agents! I kept 100% of the advance. The FT Press wanted the book in 3.5 months, a minimum of 220 pages. I delivered 288 pages replete with original reporting, interviews and historical research. I kept my day job, so writing was a marathon. I worked on the book from 7 p.m. to 1 p.m five nights-per-week and from 10 a.m. to 11 p.m. on Saturdays and Sundays. I took off one week to interview people and to complete a final re-write. Re-writing is much more fun, in my opinion, than the first go-around.
My wife lived like a widow. You need an understanding spouse. My kids are grown. I could not have run this marathon with the responsibility for children.
I write well under deadline pressure. I've had high-pressure deadlines my entire career. I am a financial expert. I also love to write-especially when I know there will be an audience when I finish. After all, writing is a performance art. I also had written four unpublished novels. I knew how to organize lots of material.
We are in final edits. The galleys go out to reviewers in February. The hard part-marketing. There's an excellent story on marketing in the current issue of Poet and Writers, which I subscribe to on my Kindle. Book out in April!