The Wall Street Journal has an interesting article on Bowie Bonds — securities which carve out future royalties owed to musicians and are sold to wealthy investors (named after the first such securities sale in 1997 based on the royalties on the music of David Bowie, which fetched $55 million). This got me to thinking: why not sell securities backed by the future royalty streams from law professors’ books — Kingsfield Bonds (named after the fictional law professor Charles W. Kingsfield, Jr. (memorably played by John Houseman) in The Paper Chase)? I got the idea when a royalty check arrived from LexisNexis for the sales of one of my books. Of course, a Caron Bond might fetch a bit less than the original Bowie Bond — the LexisNexis check was for $5.60, representing the royalty on the sale of two books! (If you would like to cause a 50% increase in my royalty stream (and increase my microscopic Amazon sales ranking), you can buy the book here (LexisNexis has plenty of copies left!). My other books, which thankfully sell a bit better, are available here.)



