The big financial stories this week are perfectly related. In order to smooth AIG’s reported earnings, Hank Greenberg entered into a questionable swap with Warren Buffet. It kept his stock up then, but now that investors have figured it out, his stock has gone from $70 to $50 and he has joined the unemployed. He should have let his stock trade wildly.
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Andy Kessler: Wall Street Meat : My Narrow Escape from the Stock Market Grinder
My first book. Stories of working as a Wall Street analyst with Jack Grubman, Frank Quattrone, Mary Meeker, and Henry BlodgetAndy Kessler: Running Money : Hedge Fund Honchos, Monster Markets and My Hunt for the Big Score
New York Times Bestseller Barron's Best Business Books 2004Andy Kessler: How We Got Here : A Slightly Irreverent History of Technology and Markets
Connect the dots from the Industrial Revolution to the Computer and Communications business of today.
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