Wall Street meat : my narrow escape from the stock market grinder that chewed up Jack Grubman, Frank Quattrone, Mary Meeker, and Henry Blodget

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. Title Page 3 Contents 5 Foreword by Michael Lewis 7 Introduction 11 Chapter One: Right 51% of the Time 15 Chapter Two: Piranhas 29 Chapter Three: You’re in the Entertainment Business 51 Chapter Four: Bull Run 60 Chapter Five: Time to Get Serious 80 Chapter Six: Wheeling and Dealing at Morgan 98 Chapter Seven: Up, then Tanked 124 Chapter Eight: Kicking Off the ’90s 131 Chapter Nine: Something about Mary 142 Chapter Ten: Netscape IPO 175 Chapter Eleven: Quacking Ducks 182 Chapter Twelve: Price Targets as a Marketing Tool 191 Chapter Thirteen: Synthetic Goldman Sachs 205 Chapter Fourteen: The Ax Syndrome 219 Chapter Fifteen: Spitzer Fixer 229 Afterword 243 Index 257 About the Author 267 Credits 268 Copyright Notice 269 About the Publisher 270