(born 1966) is an American businessman, investor and journalist.
He is a formerequity research analystwho was senior Internet analyst forCIBC Oppenheimerand the head of the global Internet research team atMerrill Lynchduring thedot-com era.1Due to his violations of securities laws and subsequent civil trial conviction, Blodget is permanently banned from involvement in the securities industry.2Blodget is the CEO ofBusiness Insider.
Blodget was born and raised on ManhattansUpper East Side, the son of a commercial banker. He attendedPhillips Exeter Academyand received aBachelor of Artsdegree in History fromYale University, where he was a member ofThe Society of Orpheus and Bacchus. After college, he taught English inJapan, then moved toSan Franciscoto try to be a writer while supporting himself by giving tennis lessons. He was also aand a proofreader forHarpers Magazine.1
In 1994, Blodget joined the corporate finance training program atPrudential Securities, and, two years later, moved toOppenheimer & equity research. In October 1998 he predicted that Amazon, then trading at $240, would trade for $400 within a year. This was thought highly unlikely by many traders at the time; however, just three weeks later Amazons stock passed that mark (a gain of 128%).3
This call received significant media attention. Two months later, he accepted a position at Merrill Lynch,34and frequently appeared onCNBCand other similar shows. In early 2000, days before thedot-com bubbleburst, Blodget personally invested $700,000 in tech stocks, only to lose most of it in the years that followed.5In 2001, he accepted a buyout offer from Merrill Lynch and left the firm.1
In 2002, thenpublished Merrill Lynch e-mails in which Blodget gave assessments about stocks which conflicted with what was publicly published.6In 2003, he was charged with civilsecurities fraudby theU.S. Securities and Exchange Commission.7He agreed to a permanent ban from the securities industry and paid a $2 millionfineplus a $2 milliondisgorgement.2
He became the CEO, co-Founder, and editor-in-chief of Silicon Alley Insider, where he was a frequent contributor to theSeeking Alphawebsite.8Prior to co-founding Silicon Alley Insider, Blodget served as CEO of Cherry Hill Research, a research and consulting firm, and contributed toSlate,Newsweek International,The New York Times,Fortune, Forbes Online,Business 2.0,Euromoney,New YorkThe Financial Times, and other publications. As of 2017, he is the CEO and editor-in-chief ofBusiness Insider, a news aggregator website. He is a frequent contributor to the magazinesSlate,Newsweek, andNew Yorkmagazine.
Blodgets later articles for the magazine have focused on the return-limiting actions of individual investors, including listening to analysts and the financial media, and relying on active management such as mutual and hedge funds. HisSlatearticles about investing carry a seven-paragraph disclosure of potential conflicts of interest.5
He publishedThe Wall Street Self-Defense Manual: A Consumers Guide to Intelligent Investingin January 2007.
Blodget used to co-host theDaily-Ticker9broadcast withAaron Taskweekdays atYahoo! Finance.
The Wall Street Self-Defense Manual: A Consumers Guide to Intelligent Investing.
McGeehan, Patrick (November 15, 2001).Henry Blodget to Leave Merrill Lynch.
The Securities and Exchange Commission, NASD and the New York Stock Exchange Permanently Bar Henry Blodget From the Securities Industry and Require $4 Million Payment. SEC
The Rehabilitation of Henry Blodget. The Motley Fool
Report Card: Henry Blodget. . Archived fromthe originalon December 5, 2006
The Wall Street Self-Defense Manual, Part 4 by Blodget, with sidebar
Auletta, Ken(April 8, 2013).Business outsider: can a disgraced Wall Street analyst earn trust as a journalist?. Annals of Communication.
Silicon Alley InsiderHenry Blodgets multi-author technology blog
The Wall Street Self-Defense Manual Promotional site for Blodgets first book.
Wikipedia articles with WorldCat-VIAF identifiers
This page was last edited on 24 August 2018, at 13:34