Thanks for the opportunities…
Posted on August 12, 2008
The NYT noted in a recent article some comments by Frank Quattrone highlighting some of the dysfunction visited on the Wall Street research world several years ago.
It does a good job of highlighting one reason that Research 2.0 and the Creative Destruction Fund are such a good fit in the current environment. Investors want and need high quality independent research that focuses on emerging technology trends, disruption and company investment opportunities. It’s not likely to come from any major Wall Street firms anytime soon.
Maybe the dramatic public unraveling of the Spitzer persona will help others see the folly of some of the most extreme reforms visited on Wall Street research. It wouldn’t be hard to extend the enforcement of skills, standards and certification on publishing Wall Street research analysts and ensure their independence and integrity. No good analyst would resist it and the best ones would welcome it.
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