Wall Street is a funny business. All you have is your
reputation. Taint it and someone else will fill your shoes.
Longevity comes from maintaining that reputation.
Ask Jack Grubman, the All-Star telecom analyst from Salomon
Smith Barney; uber-banker Frank Quattrone at CS First Boston;
Morgan Stanley's Mary "Queen of the Net" Meeker; or Merrill Lynch's
Henry Blodget.
Well, they probably won't tell you anything. But have I got some
great stories for you.
Successful hedge fund manager Andy Kessler looks back on his
years as an analyst on Wall Street and offers this cautionary tale
of the intoxicating forces loose in the world of finance that
overwhelmed sober analysis.
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