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A fine old publishing house once went back over the record of about 1,200 published books. This was a rather conservative firm, as little of a gambler as possible; its books had placed it, in every respect, in the first rank of publishing houses.
Of the 1,200 books just one in ten had made any sizable amount of money. The remaining 1,080 had either lost money, broken even, or made sums smaller than the interest on the money tied up in them. Most of the 120 profitable books had been highly profitable; it will not surprise you to learn this when you reflect that these lucrative books had each to foot the bill, more or less, for nine others. So much for the analysis of figures. But what lay behind the figures? In some cases it was possible to tell why a particular book had sold. More often it wasn’t.... Is this a business?