YouSaid · the spoken record

Henry Blodget

lines on the record: 74
first: 2015-05-11
most recent: 2015-05-11
sittings or episodes: 1
sources: podcast

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“Probably are familiar. Thank you. This is great. You're one of the best financial commentators and smartest guys out there, so it's a huge pleasure.”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Yes, I think so. And everyone said, well, but what if when indexes become such a big percentage of the market, then there's that much opportunity.”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“If I had known what I know now about the difficulty of picking stocks successfully and beating the market, I would never have been able to do the job that I did in the 1990s. So in a way, I'm glad because it was a good experience for me. I loved watching the boom, the internet boom, getting to know all these companies, analyzing them. But after I left the industry and I read a lot of the academic research and really understood the arithmetic of active management and understood that, it became clear that unless you are getting paid to manage somebody else's money, that the best way to invest is to invest an index funds. And that is, it's not an opinion. It is demonstrably the fact. The math is hard to disprove. Exactly. And so if I had known that, it would have been much more difficult for me to be a stock analyst. Although...”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“That. Similar for us. We got it in our family because we were worried that our kids were, brother, growing up to be idiots. They spend all the time on the screen. We've got to get the paper. And the paper sits in its tube on the front stoop all day. And then I come home and pick it up and take it and stick it in the recycling. And it's not that it's not filled with great stuff. It's just that I get it through other means.”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“In 10 to 15 years, they are the mass market. And those of us who grew up reading the newspaper are going to be on our porches surveying the last few years of sunsets before we leave this earth. Those media will leave the earth. You'll have a whole new group of brands, some of which I think we're starting to see now. But ultimately, this idea that the millennial generation is going to reach 35 and suddenly develop a hunger to get a newspaper in the morning is a little bit misguided.”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“In finance, I think the recognition that indexing is the best way to go from most individual investors and a lot of corporate entities will gain increasing sway. Ultimately, it just is. It is the smart way to invest. In media, I think the big profound change that we're going to see is the current demographic that's described as millennials 16 to 24 or 34, depending on how you want to describe it. They spend 70% of their media time on digital, 50% on the smartphone, another 30% on computer, and then a little TV on top of that. That is the future.”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“The industry has just gotten unbelievably professionalized every step of the way. Just before I was an analyst, companies used to send out their earnings by fax. It wouldn't even hit a wire. It would go out of the fax. And maybe the analyst would call that night. There wasn't a call where everyone gets on and listens and all that stuff. To now we have earnings distributed. You've got reg FD. You've got these closed conference calls, everything else has just gotten so professionalized. And so I think ironically, that has eliminated some of the opportunity that was there for some of the smarter asset managers back 20 years ago has now been effectively arbitraged away because when you've got two David Einhorns competing with each other, they're both incredibly brilliant and see everything. There's not a lot of opportunity left, especially for somebody looking in from the outside trying to trade from home.”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“I think at this point, everyone knows more than they want to know about Henry Blodgett, but it's wonderful to be here, and thank you for the question. Okay.”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“That's right. We've got so many incredibly smart, aggressive, competitive people focused on a business in which, unfortunately, corporate investments like that and investments in R&D can't pay off in a week. Sometimes you do have to make a five to ten year bet. And we just need as an economy to figure out how to get balance back in the system, to have good profit margins, not record profit margins and good salaries, not the lowest possible salaries. Otherwise, we're going to hollow out the economy.”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“That's right, and they're getting it. And Apple has listened on the share buybacks, but the idea that they should suddenly dividend out all the cash or borrow a huge amount of debt. This is a technology industry. It changes quickly. Yes, they have a depression mentality because they went through depression, got their butts kicked. So having a big mountain of cash as your savior or just sort of savings account, no problem with that at all.”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“The middle class that we had that we have lost, that's what we should be striving for. Our companies should be serving a balance of their constituencies, not just short-term shareholders, especially not just activist shareholders who ultimately do a lot of good, but there are also folks who clearly, it's basically just pay me off, so I will go away.”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“That's right. And I think to your point, if you go back to the early 1980s, which is when this shareholder value movement started, we had Gordon Gecko famously character in the movie. Greed is good. In those days, our companies needed a kick in the ass. And you had management over-rewarding themselves, huge perks on the company. We had different tax schemes. So ultimately, you wanted to create perks, and the companies had incredibly low margins. We needed as an economy to be kicked into shape, make the companies more efficient, more profit to shareholders, so forth. But now the pendulum has a strong way too far the other way, and we have forgotten that a great company will not only deliver current profit to shareholders, but ultimately will be a wonderful place to work, will sustain all the people who work there in a way that takes them above the poverty line, gives them a good life.”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Ultimately, there's a lot more flexibility than we think in how we run companies. And I just see so many Fortune 500 companies that are scared of the activist shareholder making such short-term decisions cutting R&D, firing everybody they can rather than saying, hey, there's a big future five to ten years out, let's make a big bet and go after it. And we need more of that in the economy.”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“I think that's right, and I think that he, now that Amazon is successful and is viewed as a success story, people are starting to appreciate the value of his long-term view and commitment. But again, as an economy, I think we have so much to learn from that. We have become so short-term oriented, so obsessed with this quarter, maximizing profits. He just shows again and again that if you have a vision and you're willing to make big bets and you are communicating very clearly with your shareholders about this is what we are going to do again and again if you don't like that don't own the stock”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Very much so. And just again, such a privilege to spend any time with him. And some of the guidance that he has given by what he does at Amazon, what Amazon does is tremendously helpful. But he's also just given me some individual guidance that's been wonderful.”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Media business. This was before you had bought the Wall Street. And he had a very interesting reaction to it. He said, look, I actually like this business. I think it's very interesting. And I think there's some similarities between commerce and media in digital. And so we talked about that, and that was interesting. And then six months later, he said, hey, can I invest? So it wasn't like you were pitching.”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, I covered Amazon as an analyst and I met Jeff occasionally at Analyst Days and was, as I said, very impressed with Amazon. Unfortunately, worked out from a following point of view. And Jeff delivered on everything he said he was going to deliver on. And I love the service. And one of the things that Jeff hammers on again and again that has been so great for me to think about in running a business is they're just obsessed with customers and making customers happy. And ultimately, I feel like we do a great job with our readers and users everything else will take care of itself. And so that lesson has been very helpful. But so I fell out of touch with Jeff for 10 to 15 years and then I was writing a fair bit about Amazon on business insider and one day I got a call saying we want to have dinner. I was like, sure, be great to have dinner. So we went out to dinner and had a good two hours. In New York, in New York, we talked about the old times and we talked about the new times and we talked about the...”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“I think so. And she was a wonderful mentor, Steve Levy was a mentor. Oh, of course. Different Steve Levy, but a technology analyst. I had a couple of folks, Chris Katowski, who is the head of research at Oppenheimer, was a great mentor. So lots of people in the Wall Street sell side business, lots of great investors, one of the great privileges at that job is that you get to”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“As an analyst, I was fortunate enough to get to know several other senior analysts who were excellent one is Alice Schroeder, who I think has been associated with Bloomberg along with pretty much everybody else in the world at one point or another. She wrote the book about Warren Buffett. Oh, of course, that's right. Very, very smart and shameful. Snowball, is that?”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“It's good for the company. Somebody needs to be looking ahead and hopefully heading us in an intelligent direction and getting everybody working together. And one of the things you realize as you grow a company, and I'm sure you've seen this as well, is it's just when you're leading and managing, you have this privilege of managing so many smart people. It's about them. And I want to help them become great. And so I do miss it. I love writing and I love what we're doing now. And it's fun to continue to do that. And at some point, hopefully I'll be able to do a little bit more of that. But right now, we're in a phase where we're growing incredibly rapidly, so all of my attention is focused on that.”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“That's right. That's crazy. I mean, Bramer was doing it back in the 1990s and he taught us all how to do it. And so I was definitely doing that. And then it went to about once a day. And you're right, now it's about once a week.”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Well, I used to do that. I used to be on the couch at five o'clock in the morning, and my wife will tell these stories about how I knew you were doing the right thing when I would hear this uproarious laughter with you amusing yourself at 5.15 in the morning coming up the stairs. She said, okay, I know he's doing something that is good for him to do. We'll keep that up. Now we have other great people who do that. I get up generally around six. I see what the news is. I see how we're doing it. I go in. We now have a very big team of great people. And so a lot of what I'm focusing on is trying to make sure this ship is sailing in the right direction, getting everybody behind it and so forth. So unfortunately, I don't have as much time to write as I did before. Love to write, miss it, but eventually we'll find what carve out some time to do that.”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Yes, I think that's the way to think about it. It's the new tape. And so, what does that mean? Well, it means that those of us who are news addicts are all over Twitter all the time. Journalists are all over Twitter, celebrities, it's a wonderful way to connect with millions of people who are interested in you. But it turns out that the news addict percentage of the population is probably 10 to 20 percent of the population. For most other people is, sure, if it's important, let me know, but I'm not going to be glued to a tape all the time. And Facebook is the one that has captured that market. If it's really important, it'll surface in my stream. Otherwise, it's about friends and family and local stuff that's meaningful to me.”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“of their market. Facebook right now is most of the upside there was captured before they went public, but it has been a very good public investment as well. And if you look at Facebook going forward, as long as things continue to go well, they have taken their margins way down because they are investing incredibly aggressively for a future that's five to ten years out. And at some point, they don't have any content creation costs. All they have to do is make the platform and other people publish into it. So eventually they should have very nice looking margins.”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“On the news business, social media effectively, or another distribution channel that are very important for any media, digital media publisher, whether it's news, whether it's movies, whether it's TV, social is an incredibly powerful distribution platform. And there are many different social networks. They've carved out different niches for themselves. You have different groups of people on them. Twitter tends to be a very immediate group of people, newshounds, Facebook. It's about your friends and it's about stories you might like. Maybe it's not compelling news that's happening now. Pinterest is very contemplative, beautiful pictures and places to go to, not immediate in the same way. So each social network has its own audience. People use it differently. But for those of us in the digital media business, they are wonderful distribution platforms. And in terms of investing, Facebook has illustrated they can be marvelous investments once they gain a huge percentage.”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Near term rates go lower? Absolutely. And I'm not looking at that again. I'm stepping back from it. At some point, if things go the way we hope it will go, which is what you described, which is companies start paying better, more people go back to work. We have full employment. You start to get more spending. Ultimately, you get some inflation back in the system to a healthy level. Interest rates probably rise. I don't think we're in a period where you're going to have negative or flat interest rates forever. And ultimately, that wouldn't be good. It would not signify a healthy global economy.”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“But even then, it's a paltry return. We're in a period stepping way back from everything from 1982, we have had this golden age of financial assets. I think that the levels on all these things are now going to go and reverse. Eventually, unless we're Japan, which is no great scenario where interest rates stay at zero forever. Ultimately, they reverse and that the golden age of financial assets ends, and that maybe we go to real world assets like you described, which would be wonderful. We bring back invasion.”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“I hope that that happens. I think it is likely that wages go up. But to finish your scenario, which is that somehow in that environment, we don't have rising interest rates at all. You're going to have to have rising. Exactly. You are. It's a given. And so I think when rising interest rates go up or rise, what happens is the housing market has to cool because mortgages get more expensive. Ultimately, it costs more to borrow money. Stocks get revalued because suddenly the bond market is actually yielding something and that we may go through a long period where equities do not return a lot. But again, bonds are look terrible on a long-term basis too. Scary to invest in if interest rates rise, you get hoes there too. So it's not unless you hold them to...”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“You can't You can't. And so I hope that exactly what you laid out happens, that in fact wages do go up, profit margins come down because we are sharing more of the economy's wealth with the people who create it by working, that that creates more spending by consumers who are no longer strapped. That is a great scenario. How likely?”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“I hope that happens. That is a great scenario, and we have been in a system that for really thirty years now has effectively put shareholders first and ordinary people who actually work second because they're viewed as costs and the ideas you pay them as little as possible. Now you do have a lot of folks coming out and it's a great sign that Starbucks and McDonald's and others are doing this where you voluntarily pay people more than you might absolutely have to. And what people forget is that wages that go out in the economy are revenue for everybody else. And so this idea that we're all just going to hike margins forever by firing as many people as we can, ultimately we're firing our customers. That's Jean's paradox of thrift.”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Perfectly fair. And I think that most of the valuation models that I've seen do suggest that, that in fact emerging is a much better opportunity and likely a better long-term return. More volatile. More risk. Exactly.”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Overvalued by a factor of two. Oh, really? What that means over the next 10 years, I have no idea what's going to happen over the next year or two, but over the next 10 years, we're going to have lousy equity returns. In my opinion, we're also, however, going to have lousy bond returns and lousy cash returns and probably lousy real estate returns as interest rates ultimately regress back up toward normal levels. So there's very little financially that you can invest in and feel like there's a huge return. So I just think we're in a period where the next 10 years are going to be lousy for financial assets of all kinds.”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“That's right. That's what most people think. And ultimately, most people think they're better than average drivers and better than average intelligence and so forth. We're overconfident. So Lake Woeft. Exactly. And so ultimately, I think that's the best strategy. Now that said, the call that your partner is referring to is, yes, I believe that stocks right now are almost”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“This market is wildly overvalued. Absolutely. But I'm not selling my stocks. I am not a trader at all. And one of the things that I learned as an individual investor, both on Wall Street and then after Wall Street, is ultimately for most individual investors who are not being paid to manage somebody else's money or give advice, just managing their own, the smartest thing to do is to hold a portfolio of index funds and rebalance once in a while when the asset allocation gets what we do. That's right. And I really think that is the best strategy for most individuals and a lot of major institutions because the market is so competitive now and there are so many smart people that to have a consistent edge and to consistently beat all the other poker players at the table and beat them by so much that you can cover your transaction costs. It's extremely difficult to do.”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Yes, I do. And I think if I go back in time to where I got really vocal about it, it was about 18 months ago. And I think what I said is they're super overvalued sometime in the next couple of years. We're looking at a possible drawdown of 30 to 50%. So we have six months left and then you can make merciless fun of me for not missing it.”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“You're a great investor. It does not ring a bell. I can place it in time just because I know what the date is. So that had to be like early.”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Journalism, and those models are going to work. And the latest frontier, the TV industry is finally starting to crack, the traditional industry, and there's going to be huge opportunity there for new video storytelling producers to come in with a different model and approach and ultimately create stories for platforms like Netflix or HBO or even the broadcast networks, which we'll be looking for it. And ultimately, you'll have a whole new age of video journalism as well.”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“That's right, the rate of innovation is spectacular, but I think you can fall back and be sure of one thing, which is people are always going to want the latest news and intelligent, good storytelling. The question is, how are those stories told? In what medium? How are they distributed? Ultimately, as a reader, how do you find them? How are you going to go to a TV? You're going to go to Facebook. But the fact that we want stories, we are human storytelling animals and we want to know what's going on in the world. We can be very sure of that. The question is ultimately, what does a business model look like? And I do think based on our experience and BuzzFeed and others, including Bloomberg's media business, which is excellent, there is a lot of advertising money that can support a lot of great journalism. And then there are subscription models for folks who want much more narrowly focused journalism or much longer or more expensive.”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“So, when we started, I was scarred by the dot-com bubble watching so many companies that were promising effectively fly into the mountain because the funding machines shut off and they ran out of cash. They got too far ahead, built too much infrastructure. So we have always run the company conservatively. We've raised enough money and we have done a plan over a year or two to get to break even with the cash that we have. Each time we've done that, the opportunity has seemed so much larger that it seemed to make sense to raise new capital and invest it. So we now have a new big partner in addition to Jeff Bezos and a couple of our VC partners we now are a German media company named Axel Springer is a big investor. So this will be an investment year for us next year will be investment. But a few years ago, we did make a profit. It was enough to buy one MacBook. It was not coining money, but again, we're not in a position, we're not in a place right now where we want to drive.”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Plus in person meetings plus pretty much any reporting tool you could imagine. And then we combine all those into stories. And sometimes we're building on a story that's reported by the New York Times or others. Sometimes they're building on our stories. And as we get bigger and bigger and as a lot of the digital companies get bigger and bigger, ultimately we're getting woven into the fabric of mainstream media. And if you look demographically for the younger generation, BuzzFeed is squarely mainstream media right now. And 10 years from now, they will be in the middle of the mass market. And our hope is that it's the same for the new generation of leaders.”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“I just think it's a complete misunderstanding of what the better publications are doing. And don't forget, this is an industry. It's in its early stages. You've got a lot of experimentation going on. Media has always built upon stories generated by other media. I remember when I was at CNN Business News in the 1990s, my first job was stand by the Reuters machine, rip off the paper as they come out with the stories, and then run with the stories over to the producer who will circle the ones she wants with a red pen, and then you write them up. So CNN's news was Reuters in those days. And New York Times often reports a story that was reported by the Wall Street Journal. Media has always built on itself. What we do is we use all of the sources that are out there in the world, which include all other media organizations, but also include Twitter and commentators like you and Facebook and the direct feeds of many, many influential people that we follow, plus the tech.”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“I think most of the way the news business organizes itself is there are many business publications and then there are general news publications. New York Times is general news, Washington Post. We don't really compete with them at all. We do compete generally with digital business publications like the Wall Street Journal, like Bloomberg's web presence, which is quite different from obviously the terminal business. The desire for business news and information is exploding globally, and so there is room to support a lot of players in that sector.”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Typical business side of reader is 35 year old executive with a smartphone getting his or her news on the go, want to share it, want to get it, how they want to get it, which may be through Twitter or Facebook or LinkedIn or coming to the site or email, wants to share it with everybody very easily, wants a wide variety of stories from video to long articles to short posts, many different kinds. But the main readers we cater to are they're part of the digital generation.”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“That's right. That's right. We launched in the UK last year, and the site is already number one in the UK in terms of business. And it's because we're approaching it as a new medium. We're not, again, trying to clone, print, or TV, and we've been able to resonate with a new generation of leaders, which is who we're writing for.”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“One, me, and we had two others when we launched the site, so it was three of us in the loading dock of another startup writing frantically and the door would open once in a while and the fresh direct guys would deliver soda for that startup. One of us would go on vacation. Our readership would drop because we weren't filling the space exactly. But over time's grown. Now we're at 250. We have 125 journalists just producing great stuff. It's a global publication. And now we're the number one business publication by REACH. About 70 million readers a month and we're number one in Australia. That's in the UK. That's neat.”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Not Jimmy Dinzatell in front of a screen. Not particularly compelling, but then this amazing new medium of TV with pictures all over the world evolves. It's very different from print, but it's very powerful. So the idea was digital will evolve its own form of journalism with its own model and storytelling and distribution. It will be very different. Let's not try to jam a square peg in a round hole. Let's figure out what works. And ultimately, we experimented a lot over several years to try to figure out what worked, what people wanted, how to distribute the stories, how to tell the stories. And ultimately, we have evolved what is in the early stages, I think, of being a very successful long-term digital journalism business with a native digital model. And it's as different from print and television as print and television are from each other, but demographically 25-year-olds are 70% digital now, computers and mobile. And so the...”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“The theory was Digital's a new medium. If you go back through the history of media, what you find is that in the days of a new medium, existing media sort of take their product and they try to shove it into the new medium, early TV news broadcasts where people reading newspapers in front of a microphone.”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Lot of freelancing over the next couple of years wrote a book about investing, started a blog, and that led to business insider. A friend of mine called me and said, look, what do you think about a publication focused on technology business?”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Is you say that was in the middle of my getting creamed publicly in the press, my reputation was destroyed. I don't think it's an exaggeration to say millions of people who I'd have the privilege of listening to me in the 1990s had been just told I should go off with my life. And I didn't ultimately I wanted to do whatever I could do to earn back the trust from people who would give me the chance to do that. And one of the things I could do was write. I was a journalist before I went to Wall Street. I wasn't prevented from doing that. I didn't know whether anybody would publish me, but I called a friend of mine at the New Yorker and said, look, Martha Stewart's in trouble. I know something about being in trouble, a securities case. I could write about this. Is there anybody that would publish me? And she said, I know just the person. And it's exactly what you said, Jacob Weisberg at Slate was kind enough to say you're on board, cover the trial for us. And so I went down to the courtroom every day and I covered the trial, got started in journalism again. It was digital, ultimately did a”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source
“Hopefully it will be published ever coming out. I actually read it recently. It's okay. It holds up. It holds up. All right. That's great.”
2015-05-11 · Masters in Business · Business Insider CEO Henry Blodget: Masters in Business (Audio) · IDENTIFIED FROM THE TRANSCRIPT · source