The Losing Game: Why You Can’t Beat Wall Street – Author Interview – T.E. Scott and Stephen Edds

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Paperback Writer welcomes T.E. Scott and Stephen Edds, co-authors of the business/personal finance book, The Losing Game: Why You Can’t Beat Wall Street (Hidden Truth Publishing), as they virtually tour the blogosphere in April on their first virtual book tour with Pump Up Your Book Promotion!

 

About the Book:

T.E. Scott exposes the stock market and commodity markets for what they really are — brilliantly marketed rip-offs. The Losing Game simplifies a very complex system that Wall Street has designed to separate the masses from their money without accountability or prosecution. As a result of this design, they have tricked us into believing that the stock market and commodity markets are something they are not.

Wall Street is fleecing millions of Americans every day with brokerage houses, Congress and the media as willing accomplices. With their help, the American public is fooled into thinking that investing is safe and convinced that, if they’re smart and listen to the right people, they can accumulate wealth quickly. And when we fail, our tax money bails them out.

 

 

 

Welcome to Paperback Writer.

 

Would you share with us how you came up with the idea for your book? 

 

I kept seeing the little-guys get manipulated by Wall Street, and large publicly traded companies bully around private companies, and thought it was time for someone to expose the true nature of Wall Street. I decided about five years ago to write a book detailing how investing in Wall Street is a minus-sum game, and how Wall Street has marketed themselves as a safe risk for your retirement, as opposed to a rigged casino, which I believe without a doubt it is.

 

Since I’m not a writer by nature, and since Wall Street is such a complex system by their design, it took a while to get a coherent and easy-to-read version ready to print. With the help of Stephen Edds, who knew how to translate my vision onto the page, we were able to get the book published and released.

 

Was it a light bulb moment or something that you thought about for a very long time?

 

Well, I had this rolling around in my head for over 20 years, and kept investigating and thinking about how Wall Street was structured. I kept coming to the conclusion that Wall Street was not designed to help average Americans, and the entire system itself is shrouded in secrecy.

 

How did you come up with the title?

 

Well, the name was discussed and debated for a while with several variations of the same theme, but When Stephen Edds came up with the “snake eyes” dice idea for the cover, “The Losing Game” fit the concept the best.

 

How did you find an agent and publisher?

 

Well, we knew no agent or mainstream publisher was going to touch this topic, especially from a retired entrepreneur in Indiana. We decided to create our own publishing company and handle all of the distribution, printing and marketing ourselves.

 

Stephen Edds has been essential in facilitating the day-to-day operations of printing and promoting the book.  

 

Who reads your work in progress?

 

We had several family and friends read various drafts of the book in order to give us feedback on the flow and the readability of the copy.

 

Who made a difference in the book’s quality?

 

We were smart enough to bring in outside help, like 1106 Design and The Cadence Group to help with layout, design, book cover design, editing and securing distribution rights.

 

One thing I would certainly recommend is to use experts when it comes to book design, and don’t trust people who don’t have specific experience in the publishing field.

 

How long did it take you to complete the first draft?

 

Before Stephen came on board, I had various drafts floating around for about five years, none of which I was satisfied with.

 

With Stephen’s help, we were able to get the first draft done in about seven months. The drafts undertook various changes, but the essential format remained.

 

How long did it take from start to publication?

 

From the moment Stephen came on board, it took about 10 months for the original version to come out. However, after three months, we decided to completely change the title and cover, and that process took an additional three months.

 

I come from a manufacturing background, and things move fast in our industry. I was not prepared for the “glacier pace” of the publishing industry. 

 

Do you have any advice for new authors?

 

The book publishing industry is unlike anything I have ever encountered. I would advise patience and a very good editor, because no matter how strong your book is, typos will kill the credibility of the book with a large group of people.

 

My other piece of advice is to self-publish and be ready to work your tail off to market and promote your book.

 

Thank you, T.E. Scott for stopping by Paperback Writer on your virtual book tour. I wish you continued success through the rest of you tour.

 

Thank you for the opportunity to appear on your blog. I wouldn’t be doing my job of I didn’t mention that “The Losing Game: Why You Can’t Beat Wall Street” is available at all major online outlets, including Amazon.com, and at major bookstores nationwide. If they don’t have it in stock, have them order it for you.

 

 

THE LOSING GAME VIRTUAL BLOG TOUR ’09 will officially begin on April 1 and end on April 30. You can visit the authors’ blog stops at www.virtualbooktours.wordpress.com in April to find out more about this talented author!

As a special promotion for all our authors, Pump Up Your Book Promotion is giving away a FREE virtual book tour to a published author or a $50 Amazon gift certificate to those not published who comments on our authors’ blog stops. More prizes will be announced as they become available.

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2 thoughts on “The Losing Game: Why You Can’t Beat Wall Street – Author Interview – T.E. Scott and Stephen Edds”

  1. It does indeed take a team to produce a book, but no matter how many experts are hired, nothing is more important than the participation of the publisher or author. T.E. Scott and Stephen Edds were a pleasure to work with; their vision for the book helped to focus our skills, so that the end product was better than either of us could have accomplished alone. Congratulations!

    Michele DeFilippo, owner
    1106 Design

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