Financial Times FT.com

Note by 'teenage scribbler' causes sensation

By Andrew Edgecliffe-Johnson in New York

Published: July 12 2009 23:32 | Last updated: July 12 2009 23:32

A research note written by a 15-year-old, who was not born when former UK chancellor Nigel Lawson dismissed London analysts as “teenage scribblers”, has become the talk of middle-aged media executives and investors.

Morgan Stanley’s European media analysts asked Matthew Robson, one of the bank’s interns from a London school, to describe his friends’ media habits. His report proved to be “one of the clearest and most thought-provoking insights we have seen. So we published it,” said Edward Hill-Wood, head of the team.

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