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In his Frankfurt wrap-up, Richard Nash distills a lot of thoughts and questions into some very big ideas. Picking a single quote was hard, so go read and consider the whole thing. There will be an essay test later.

What this means is that we (publishers, authors, agents) are going to need to make decisions based on the world that is (people will make unauthorized copies, people will undercut your price), rather than the world we will wish for. Until recently, it was not clear that the publishing industry accepted this, but these statements by Richard Charkin, Victoria Barnsley and other industry decision-makers are powerful indicators that this approach has solidifed to the point of consensus.

• The fog begins to lift – Richard Nash on his Frankfurt takeawasy