He attended Phillips Exeter Academy and received a Bachelor of Arts degree in history from Yale University, where he was a member of The Society of Orpheus and Bacchus.

[1] In 1994, Blodget joined the corporate finance training program at Prudential Securities, and, two years later, moved to Oppenheimer & Co. in equity research.

[5][6] In early 2000, days before the dot-com bubble burst, Blodget personally invested $700,000 in tech stocks, only to lose most of it in the years that followed.

[9] The charges arose from actions Blodget took from 1999-2001 while at Merrill Lynch, which included issuing materially misleading research reports on internet companies, and making exaggerated or unwarranted claims about them to customers.

[10] While CEO and owner of Business Insider, he offered free reproduction of all content to readers under Creative Commons licensing.

Blodget's articles focus on the return-limiting actions of individual investors, including listening to analysts and the financial media, and relying on active management such as mutual and hedge funds.