I started recording in '67. In the first part of '68, my first single was 'Backup Train.' That was success to a degree. Four years have passed by since then, and I have managed to come up with a few measly sellers.
Enron had already collapsed and filed for bankruptcy protection by the beginning of 2002. But despite complaints from short sellers that corporations had used accounting gimmickry to inflate their profits, many investors thought the crisis at Enron was an isolated case.
Short sellers sell stock they have borrowed, hoping to buy it back later when its price has fallen.
Bigger spreads mean bigger gaps between what buyers pay and sellers receive. For example, a spread of 10 cents a share means that the buyer pays $100 more for 1,000 shares than the seller receives.
The lower spreads mean lower costs for investors, because Nasdaq investors generally do not trade directly with one another. Instead, they usually buy and sell from market-makers, brokerage firms that flip shares between buyers and sellers and keep the spread for themselves.
There is such opacity within the art market. There's also an abundance of fraud and misrepresented goods, which leads to mistrust between buyers and sellers.
I published 'Rules of Civility' while I was still working. It became a best seller. I was working on this book, and then I decided to retire.
Ultimately, the success of America's market economy depends on trust. This includes trust between buyers and sellers, between lenders and borrowers, and between investors and the companies in which they invest.
If you can pay enough people to buy your .99 ebook and review it positively, and crack one of Amazon's bestseller lists, readers are going to check it out. Especially at a low price point like .99. Customers are suckers for the fallacy that the cream rises to the top.
'To Kill a Mockingbird' appeared to highly favorable reviews and quickly climbed to the top of bestseller lists, where it remained for more than eighty weeks. In 1961, the novel was awarded the Pulitzer Prize. A film adaptation was released in 1962, starring Gregory Peck, and received three Academy Awards.
