If you're at all interested in what the future of the book business looks like, you should watch this long-but-essential presentation by Richard Nash. Discussed topics include: Why Oprah needed books more than books needed Oprah, why content isn't king, and why selling books for a dollar isn't going to make anybody any money.

Nash used to work at Soft Skull and now he's starting a new publishing venture called Cursor. He's the smartest man in the book business today.