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by PanMan
4646 days ago
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Interesting! I saw the book a few weeks ago and wondered who put it together. I assume the letters are public? How did you get the extra material? And do you share any income with Buffet? (That would feel strange, but would also make sense) |
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The income is not shared with Buffett, but any income I receive is "return on capital" from me taking inventory risk. So I do have to invest some of my $$$ to buy the book inventory, and as it's sold to Amazon I make (great) return on that money. But the profit per book is actually pretty low compared to other published books -- I could be charging much more for the book, but it was part of our "agreement" that I make the total price of the book as cheap as possible. (Which I think is accomplished with Amazon's price of $19-25 for a 700 page textbook-size book.)