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Hardcover Book Details
  • 09/2021
  • 9781626348714
  • 280 pages
  • $23.95
Greenleaf Book Group
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A Philosopher on Wall Street: How Creative Financier Fred Frank Forged the Future
An astonishing tale of Wall Street and the explosion of new life-science technologies and other industries of the future as told by one of the most creative dealmakers of the past 60 years. When Fred Frank arrived on Wall Street in 1958, he became a key member of a small, whip-smart cadre of young financiers who began challenging the stodgy, risk-averse scions of old-world investment banking. He also became the first banker to specialize in biotechnology, pharmaceuticals, and health care services. Frank’s perpetual search for the new—pioneering technologies and innovative business models—has transformed our world. A Philosopher on Wall Street is an intriguing tale of • a man who was a force of verve and ingenuity on Wall Street, who built and nurtured new industries that have impacted everyone; • Wall Street and its history since the late 1950s, the surprisingly fascinating story of how high technology in America was capitalized, and the formation and meteoric rise of the pharma and biotech industries; • the best and worst of Wall Street over the past sixty years, and thoughts about the future of how to fund innovation to benefit both people and the bottom line • colorful stories from top innovators, scientists, executives, and investors about deals, intrigue, genius, booms and busts. This is the story of one of the most creative dealmakers of the past sixty years, a master artist of finance whose erudition and grace helped shape our world, who has always believed that inspired science, entrepreneurship, and investing are the keys to a better future.
Reviews
Storied investment banker Frank invites readers into his innovative career as a forward-thinking dealmaker in the biotechnology, pharmaceutical, and health care services industries. Filled with insight into Frank's life, exciting behind-the-scenes accounts of epochal Wall Street deals, and revelations about how and why industry-shaping investments do or don’t happen, A Philosopher on Wall Street is a rich, intriguing read about how the world actually runs—and what it takes to balance risk and reward to empower innovators to make that world better. Duncan brings vigor and clarity to a story centered on the biotech boom, the development of groundbreaking medications and technology, and Frank’s prescience at “leveraging billions of dollars to further innovation that at times seemed highly esoteric and risky but in the end proved to be right.”

Duncan recounts, with striking detail, Frank's Depression-era childhood, in Salt Lake City, military service, education (Hotchkiss, Yale), and career, highlighting his consultation on deals between major corporations where Frank was sought out for his unique skills in risk assessment, merging companies, and more. Correlations between Frank’s upbringing and success are highlighted: “I grew up in the West when there was this feeling that things were new and just getting started,” Frank states, noting that there, in the middle of the century, “It was much easier for someone to start a business, to strike out on his own, if you were willing to work hard.”

Such hard work is a recurring theme through Duncan’s many engaging anecdotes, which bring life to Frank’s early experience at Smith, Barney—where he became Wall Street’s first dedicated pharmaceutical industry analyst—then at a not-yet-behemoth Lehman Brothers in the 1970s, where Frank helped launch a biotech revolution, funding the genetic research that would quite literally change the world. Duncan ably captures the texture of Wall Street life in bygone eras, while presenting the science and the dealmaking with clarity and showmanship. Frank himself pens an engaging afterword. This inspiring biography will fascinate readers interested in finance, medicine, and bold innovation.

Takeaway: Exciting accounts of a pioneering investment banker and the biotech revolution.

Great for fans of: Robert Teitelman’s Gene Dreams, Sally Smith Hughes's Genentech: The Beginnings of Biotech.

Production grades
Cover: A
Design and typography: A
Illustrations: N/A
Editing: A
Marketing copy: A

Formats
Hardcover Book Details
  • 09/2021
  • 9781626348714
  • 280 pages
  • $23.95
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