“Truisms of the trade,”which are “at best…half-truths: at worst, they are straightjackets for budding authors,” from Huffington Post:
1. Write What You Know.
2. Descriptions are passé. Brand names are cool.
3. Fiction is a lie.
4. Literary fiction equals literature (and is therefore superior to genre fiction).
5. “Hey, writers are entertainers. I’m not trying to be Tolstoy.”
Read the details at the link.
Copyright secured by Digiprove © 2011 James Ament 
Given the venue, how about “We can’t afford to pay you, but the exposure will do great things for you.”? I confess that I don’t understand her definition of literary fiction.