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Full of Bull (Updated Edition): Unscramble Wall Street Doubletalk to Protect and Build Your Portfolio

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Full of Bull (Updated Edition): Unscramble Wall Street Doubletalk to Protect and Build Your Portfolio

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About

Features

Now, more than ever, you need to know the truth about the bad, self-serving advice that Wall Street gives to investors.

  • A thorough revision of the first guide to protecting yourself and your money from analysts' biased advice...now 100% updated for today's events and realities.
  • All-new chapter covers investment selection and strategy for lengthy bear markets.
  • By former top Street insider Stephen McClellan, a member of Institutional Investor's All-American Research Team for 19 straight years.
  • Description

    • Copyright 2009
    • Dimensions: 6" x 9"
    • Pages: 256
    • Edition: 1st
    • Book
    • ISBN-10: 0-13-702312-X
    • ISBN-13: 978-0-13-702312-7

    “Only Stephen McClellan could have written this book. As a senior statesman of industry analysts, Steve has worked in the inner circles of Wall Street for over thirty years. When Steve talks, everyone in the industry listens. This book is like a college extension course for investors, and it’s taught by the Dean.”

    –H. Ross Perot, Sr., Founder, Electronic Data Systems, Founder, Former Chairman, Perot Systems

    “Steve McClellan has drawn on an insider’s lifetime view of how Wall Street really works to produce a practical and entertaining book of advice for investors. Whether you are a new or experienced investor you’ll get something valuable out of it, including more than a few chuckles.”

    –Charles O. Rossotti, Former Commissioner, Internal Revenue Service

    “Steve McClellan’s Full of Bull provides a long overdue insight into the confusing maze of Wall Street analysis and stock recommendations. This book exposes The Street’s ‘insider code’ and provides both a cautionary tale and an indispensable guide into the Byzantine world of investment analysis.”

    –Thomas M. Siebel, Founder, Siebel Systems, Chairman, First Virtual Group

    “Steve McClellan is one of the smartest guys in the investment industry. For years his research helped investors figure out how to get better returns. Now he’s collected a career’s worth of observations and conclusions about how Wall Street works and how to avoid the mistakes that cost ordinary people millions–no, billions–of dollars everyday. Read this book and have more money for your retirement.’’

    –Doron Levin, Columnist, Bloomberg News

    “Today the typical share is held much less than a year, usually by an institution, speculator, or insider whose gains are at the expense of the under-informed or misinformed individual investor. Securities analysts are of little help. With his 30+ years of relevant experience, Steve McClellan tells you why and how to better protect yourself if you’re an individual investor.”

    –Josh W. Weston, Former Chairman, Automatic Data Processing

    Discover the truth about stock analysts’ research.

     

    The  Truth  About  Wall  Street  Stock  Research–Now  100%  Updated  for  Today’s  Markets!

     

    They mislead. They confuse. You can’t afford to listen to one word stock analysts say–especially not right now. Wall Street won’t tell you how to protect your capital or steer you toward gains. The Street is good at selling, not analyzing; it wants you to trade, not invest. In Full of Bull, one of the Street’s leading insiders reveals the hidden code behind Wall Street’s Byzantine practices.

    For decades, Stephen McClellan was one of the Street’s top analysts–he knows exactly how the game is played. Now, in this revised guide for the individual investor, he describes how Wall Street came to cost investors billions by denying the realities of a market collapse in progress. He explains how a congenitally favorable bias led brokerages to keep recommending stocks, such as AIG and Fannie Mae, up until the moment of their ultimate demise.

    In Full of Bull, you’ll learn how to look for analysts’ favoritism and blind spots; how to react appropriately to upgrades, downgrades, and price targets; and how to recognize what company announcements really mean. Drawing on his immense body of experience analyzing top companies, McClellan shows you how to systematically evaluate a company’s prospects and choose investments based on principles that work. This is exactly the kind of objective, focused guidance you won’t be getting from your broker!

    Sample Content

    Online Sample Chapter

    Decoding Wall Street's Well-Kept Secrets

    Sample Pages

    Download the sample pages (includes Chapter 1 and Index)

    Table of Contents

    Acknowledgments  viii

    About the Author  x

    Preface  xi

    Chapter 1        Decoding Wall Street’s Well-Kept Secrets  1

    Chapter 2        Understanding Wall Street’s Misleading Practices  33

    Chapter 3        Strategies in Quest of the Ideal Investment  57

    Chapter 4        Investment Strategies to Survive in a Bear Market  89

    Chapter 5        Evaluating Companies as Investment Candidates  101

    Chapter 6        Executive Traits Are a Revealing Investment Gauge  123

    Chapter 7        How Street Analysts Really Operate  147

    Chapter 8        Reforming Research to Level the Playing Field  175

    Afterword  191

    Glossary  197

    Index  217

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