clock … watching time, the only true currency

Andy Kessler has a blog, fortunately. I haven’t read it before, but I’ll take a peek now, after reading Wall Street Meat: My Narrow Escape from the Stock Market Grinder, courtesy of David.

As promised, the paperback was a gulp on the airplane this weekend. Juicy, breezy, broken up even across a two-page spread into digestible moments… this tell-all of stock analysts in the late 1980s and into the Internet-fueled 1990s is irresistible. Despite some wrap-up comments at the end attempting to bring his gossip up to a higher level, Meat really amuses because (a) Kessler doesn’t hold much back, even burning some bridges (surely) and (b) this 2003 book seems so obvious in hindsight. But few were talking while the bubble was burning (to mix at least two metaphors). Must have helped book sales to be able to namedrop about Grubman, Meeker, Blodget and Quattrone. As a current hedge-fund manager and investor, Kessler probably doesn’t need the money from book sales, but he’s clearly still having fun. I wonder if those who work with him currently are more or less cautious now? In an age of blogs like ValleyWag, I suppose fearing a book author’s influence is hardly top of mind anymore.

Only bad news about Kessler’s blog? Doesn’t seem to be updated very often.