Wall Street Meat, Andy Kessler
8/23/07
The book autobiographically takes the reader from Kessler’s leaving Bell Labs and beginning as an analyst for Paine Webber and then on to Morgan Stanley. It can almost be called an expose of the investment banking industry as technology entered the market. It is a quick and easy read that, like all of the Kessler work I have read, has many lessons to teach. The concept that everyone on Wall Street is meat is pretty founded. Wall Street provides the world access to capital and can never be replaced. The worlds smartest are there constantly looking for the next way to make a buck. If you want a glimpse of what Wall Street was like up until the internet bubble popped this tells the story fairly well.
Interesting to read this as the “credit bubble” is in the middle of popping, yet again, I’m sure Wall Street will reinvent its self. Another thing I noted was how, like anywhere, personal networks provide access to everything, from information to boxing tickets.
