The Prince of Silicon Valley: Frank Quattrone and the Dot-Com Bubble Review

The Prince of Silicon Valley: Frank Quattrone and the Dot-Com Bubble
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As the hot stocks offered by social media start-ups revive speculative fever on Wall Street, take time to read this wise and cautionary tale of the "dot.com" bubble that collapsed as the current century began. It should be required reading in every business ethics course in the nation's universities.
This book was five careful years in its research and writing but was mostly overlooked when it was published because the book's principal focus -- street-smart Frankie Quattrone of Philadelphia who became the boldest and most successful investment banker doing Internet IPOs in the late 1990s -- had his 2004 criminal conviction overturned by an appeals court in 2006. The tale is still worth the telling and it is told here by one of the best.
The author, Randall Smith, is now the dean of investigative reporters at the Wall Street Journal - and by far the most respected. Smith has won or shared the nation's very highest journalism awards. I was Randy's first editor in the distant 1970s when he first returned to New York City from a tour as a U.S. Naval officer. I was impressed then at his skill and powerful writing. I was even more in awe when I read this careful, detailed account of a financial decade every bit as clever and dangerous as our own.


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