Tom Wolfe is the next Matt Taibbi.

Great weekend read. Tom Wolfe, who coined the term Masters of the Universe, writes a biting parody on his own creation.

I actually met him at a party a few years ago. He’s a frail old man with watery unblinking eyes. Chatted with him (how unoriginal) about the Bonfire of the Vanities. I asked him whether he based the Reverend character on Al Sharpton (he did not).

Anyway, bond traders and salesmen are not what they used to be. It’s a whole new world out there.