Speaking of writers, NYT sat down with Michael Lewis to talk about his new book, The Undoing Project, which I haven’t yet read, but sounds fascinating (more below). Re: Mr. Lewis himself, Alexandra Alter:
Unlike many nonfiction writers, Mr. Lewis declines to take advances, which he calls “corrupting,” even though he could easily earn seven figures. Instead, he splits the profits from the books, as well as the advertising and production costs, with Norton. The setup spurs him to work harder and to make more money if the books are successful, he says.
Never knew that about Lewis. Impressive (but obviously also only doable if you can make such a back-end deal work for you, as Lewis clearly can).