Publishing Is Like. . . .

In a celebration of Keith Gessen's paean to conglomerate publishing, "How a Book Is Born," blogger Michael Pokocky states that "publishing is like Investment Banking." Apparently Pokocky is an investment banker himself.

http://antresolcafe.posterous.com/how-a-book-is-born-the-making-of-the-art-of-f

Is Michael Pokocky spot on? God help us!

At least his conclusion is promising. Yes, we need a new model.