Andy Kessler | |
---|---|
Born | 1958 (age 65–66) |
Website | |
www |
Andy Kessler (born 1958) [1] is an American businessman, investor, and author. He writes the "Inside View" column for The Wall Street Journal opinion page. Kessler has worked for about 20 years as a research analyst, investment banker, venture capitalist, and hedge fund manager. [2] He has written for The Wall Street Journal, The New York Times , Wired , Forbes , The Weekly Standard , the Los Angeles Times , The American Spectator , and Thestreet.com. [2]
Raised in Bridgewater Township, New Jersey, [3] Kessler attended Bridgewater-Raritan High School East. [4] He has a BS in electrical engineering from Cornell University (1980) and an MSEE from the University of Illinois (1981).[ citation needed ]
From 1980 to 1985, Kessler worked for AT&T Bell Labs as a chip designer and programmer. In 1985, he joined Paine Webber in New York as an analyst of the electronics and semiconductor industry. In 1989, Kessler joined Morgan Stanley as a semiconductor analyst before moving to San Francisco in 1993. There he worked for Unterberg Harris as an investor, until starting Velocity Capital with Fred Kittler.
From January to March 2003, Kessler wrote and successfully self-published a book, Wall Street Meat: My Narrow Escape From the Stock Market Grinder, about working with Jack Grubman, Frank Quattrone, and Mary Meeker, after hearing that traditional publishing houses would take over a year to publish it. [5]
Kessler's 2010 novel Grumby takes him into the world of super-hackers. The book is notable among books by well-known authors for being released first on Kindle and then in hardcover. This allowed Kessler to include a fictional cause for the flash-crash, which occurred just prior to publication, in the plot.[ citation needed ]
Among his many other writings, in an April 26, 2007 guest column in The New York Times , entitled "Trust Me", Kessler wrote in part: "There are plenty of things I don’t trust – like Wikipedia. I’ve watched my 15-year-old son and his friends take turns editing the page for the animated film 'Land Before Time,' flipping the gender of the character Littlefoot from he to she and back." [6]
In March 2023, Kessler suggested in The Wall Street Journal that the Silicon Valley Bank "may have been distracted by diversity demands" in the lead up to its collapse. [7] [8] [9]
Kessler lives in California with his wife, Nancy, and four children.
Bridgewater Township is a township in Somerset County in the U.S. state of New Jersey, located within the heart of the Raritan Valley region. Situated within Central New Jersey and crisscrossed by several major highways, the township is known for being both the regional commercial hub for Somerset County and as a suburban bedroom community of New York City within the New York Metropolitan Area. The township is located roughly 32 miles (51 km) away from Manhattan and about 20 miles (32 km) away from Staten Island.
Raritan is a borough in Somerset County, in the U.S. state of New Jersey. As of the 2020 United States census, the borough's population was 7,835, its highest decennial census count ever and an increase of 954 (+13.9%) from the 2010 census count of 6,881, which in turn had reflected an increase of 543 (+8.6%) from the 6,338 counted at the 2000 census.
Kleiner Perkins, formerly Kleiner Perkins Caufield & Byers (KPCB), is an American venture capital firm which specializes in investing in incubation, early stage and growth companies. Since its founding in 1972, the firm has backed entrepreneurs in over 900 ventures, including America Online, Amazon.com, Tandem Computers, Compaq, Electronic Arts, JD.com, Square, Genentech, Google, Netscape, Sun Microsystems, Nest, Palo Alto Networks, Synack, Snap, AppDynamics, and Twitter. By 2019 it had raised around $9 billion in 19 venture capital funds and four growth funds.
Credit Suisse First Boston is the investment banking affiliate of Credit Suisse headquartered in New York.
Central Jersey, or Central New Jersey, is the middle region of the U.S. state of New Jersey. The designation Central Jersey is a distinct administrative toponym. While New Jersey is often divided into North Jersey and South Jersey, many residents recognize Central Jersey as a distinct third entity. As of the 2020 census, Central Jersey has a population of 3,580,999.
Henry McKelvey Blodget is an American businessman, investor and journalist. He is notable for his former career as an equity research analyst who was senior Internet analyst for CIBC Oppenheimer and the head of the global Internet research team at Merrill Lynch during the dot-com era. Blodget was charged with civil securities fraud by the U.S. Securities and Exchange Commission and settled the charges. Blodget is the co-founder and former CEO of Business Insider.
Frank Quattrone is an American technology investment banker who started technology sector franchises at Morgan Stanley, Deutsche Bank, and Credit Suisse First Boston. He helped bring dozens of technology companies public during the 1990s tech boom, including Netscape, Cisco, and Amazon.com. Later, he was prosecuted for interfering with a government probe into Credit Suisse First Boston's behavior in allocating "hot" IPOs. The case was eventually dropped. He was earning roughly $120 million a year during his peak at the firm. Quattrone is now head of investment banking firm Qatalyst Group, which he founded in March 2008.
Bridgewater-Raritan High School is a four-year comprehensive public high school. It is the lone secondary school of the Bridgewater-Raritan Regional School District serving students in ninth through twelfth grades from Bridgewater Township and Raritan in Somerset County, in the U.S. state of New Jersey. The school has been recognized by the National Blue Ribbon Schools Program, the highest award an American school can receive.
The First Boston Corporation was a New York–based bulge bracket investment bank, founded in 1932 and acquired by Credit Suisse in 1988. After the acquisition, it operated as an independent investment bank known as CS First Boston until 2006, when the company was fully integrated into Credit Suisse. In 2022, Credit Suisse revived the "First Boston" brand as part of an effort to spin out the business.
Michael Monroe Lewis is an American author and financial journalist. He has also been a contributing editor to Vanity Fair since 2009, writing mostly on business, finance, and economics. He is known for his nonfiction work, particularly his coverage of financial crises and behavioral finance.
Gretchen C. Morgenson is an American Pulitzer Prize-winning journalist notable as longtime writer of the Market Watch column for the Sunday "Money & Business" section of The New York Times. In November, 2017, she moved from the Times to The Wall Street Journal.
County Route 567 is a county highway in the U.S. state of New Jersey. The highway extends 10.02 miles (16.13 km) from Amwell Road in Hillsborough Township to Union Avenue in Raritan Borough.
Bridgewater is a New Jersey Transit railroad station on the Raritan Valley Line, in Bridgewater, New Jersey. The station stands on the site of the former Calco station that served American Cyanamid prior to its closure.
Michael Shawn Malone is an American author, columnist, editor, investor, businessman, television producer, and has been the host of several shows on PBS. As of 2009, Malone is a columnist for ABC News, an op-ed contributor for The Wall Street Journal, a contributing editor to Wired, and the editor-in-chief of Edgelings.com, a website focused on business and technology news in Silicon Valley.
Mark Stanford Oldman is an American entrepreneur, wine expert, and author of several books on wine. Founder of the wine school Bevinars.com, he has been described as "one of the wine world's great populizers" and "one of the wine world's great showmen." He is regularly named the "audience favorite" at major food and wine festivals and does private events for corporations and institutions. He also designed and teaches a course on entrepreneurship for Stanford University.
John William Gurley is an American businessman. He is a general partner at Benchmark, a Silicon Valley venture capital firm in San Francisco, California. He is listed consistently on the Forbes Midas List and is considered one of the top dealmakers in the American technology industry.
Andrew Ross Sorkin is an American journalist and author. He is a financial columnist for The New York Times and a co-anchor of CNBC's Squawk Box. He is also the founder and editor of DealBook, a financial news service published by The New York Times. He wrote the bestselling book Too Big to Fail and co-produced a movie adaptation of the book for HBO Films. He is also a co-creator of the Showtime series Billions.
Jack Benjamin Grubman is an American former managing director of Salomon Smith Barney and the lead research analyst for the telecommunications sector.
Silicon Valley Bank (SVB) is a commercial bank division of First Citizens BancShares. The bank was previously the primary subsidiary of SVB Financial Group, a publicly traded bank holding company that had offices in 15 U.S. states and over a dozen international jurisdictions.
Timothy J. Mayopoulos is an American businessman and lawyer who was the president and chief executive officer (CEO) of Fannie Mae from 2016 to 2019. Following the collapse of Silicon Valley Bank in March 2023, he was appointed by the FDIC as CEO of its successor, Silicon Valley Bridge Bank, N.A. Mayopoulos was announced as president and member of the board of directors at Blend in 2019.
Then there's this: In its proxy statement, SVB notes that besides 91 percent of their board being independent and 45 percent women, they also have '1 Black,' '1 LGBTQ+,' and '2 Veterans.' I'm not saying 12 white men would have avoided this mess, but the company may have been distracted by diversity demands.