No offsense to the "Rehabilitation of Henry Blodget" (sounds a lot like a Lowest of the Low song)
but every time I see him quoted or read a blog entry, it makes me a
cringe a little. There is little doubt he knows the Internet space but
there is this thing called credibility that goes hand in hand with
knowledge. You can be the smartest person in the world but it means
squat if you've got no credibility. So to see The Economist quote Blodget, who's now running his own research boutique,
on the portal wars doesn't seem right. There is something unsettling to
quote and promote someone who told his clients wonder things about
dot-com stocks only to bash these companies within the hallowed
confines of Merrill Lynch. When Blodget did that and then got caught,
he lost one of his valuable assets - his credibility. So now he's on
the comeback trail, which includes a blog
to re-establish the "brand". To be honest, it's the blog that bothers
me because it suggests the pursuit of a public persona. If Blodget was
truly interested in restoring his credibility, he would take more
subtle approach by quietly working behind the scenes - rather than
trying to quasi-act as if bygones are bygones. Sure, he's made mea culpa
claims on his blog but this is a guy who is banned from the securities
industries. With more money than he will likely ever need, Blodget
doesn't need to re-build a public profile (blog, media relations, etc.)
to make ends meet. If he wants to re-establish his career, he should do
it quietly and show clients that he can offer valuable insight. A few
years of good advice will go a long way in restoring his street cred.
Blodget has already had this 15-minutes of fame so it's time to let
someone else take over the spotlight from a guy who established his
reputation, credibility and jump-started his career with one lucky call in 1998 - Amazon hitting $400 within the next 12 months.
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I've Got That Uneasy Henry Blodget Feeling
by
Mark Evans
on Mon 14 Nov 2005 07:20 AM EST | Permanent Link
Comments
Re: I've Got That Uneasy Henry Blodget Feeling
by
Mathew
on Mon 14 Nov 2005 09:30 AM EST | Profile | Permanent Link
I know what you mean -- Mark Gilbert of Bloomberg wrote something along the same lines recently -- http://quote.bloomberg.com/apps/news?pid=10000039&refer=columnist_gilbert&sid=aYOrczliwZGc. But isn't Henry allowed to blog just like everyone else?
Re: Re: I've Got That Uneasy Henry Blodget Feeling
by
Mark Evans
on Mon 14 Nov 2005 10:05 AM EST | Profile | Permanent Link
anybody has the right to blog but, nevertheless, the fact he's "out there" seems somewhat odd - for whatever reason.
Re: Re: Re: I've Got That Uneasy Henry Blodget Feeling
by
Stuart MacDonald
on Mon 14 Nov 2005 10:23 AM EST | Profile | Permanent Link
I agree that having Henry Blodget and Mary Meeker seemingly jumping up and down saying "look at me, look at me" feels really odd. Perhaps it's the early singing of a canary in a coal mine; signs of Web 2.0's coming decline? Gee I hope not...
Stay tuned for Son Of EBITDA :) - Stuart Trackbacks
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