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

Mcclellan, Stephen T.

Softcover

ISBN 10: 013702312X ISBN 13: 9780137023127

Publisher: Ft Press, 2009

Synopsis

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, Updated Edition, 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 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 yourself 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!

 

·   When “buy” is a lie, and “hold” means “sell it all!”

    Powerful, unforgettable lessons from the market collapse

 

·   Which research you must ignore, no matter what

    And where to find research that’s worth using

 

·   Decode the Street’s hidden signals and misconceptions

    Filter out the noise, find the truth, and profit from it

 

·   The real keys to a quality investment

    40+ principles, strategies, and practices that work―even now

 

 

About this title

From the Back Cover:

“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’sFull 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!

 

 

About the Author:

Stephen T. McClellan holds a Chartered Financial Analyst (CFA) designation and was a Wall Street investment analyst for 32 years, covering high-tech stocks as a supervisory analyst. He spent 18 years as First VP at Merrill Lynch and eight years as VP at Salomon Brothers. McClellan ranked on the Institutional Investor All-America Research Team for 19 straight years, and The Wall Street Journal Poll for seven years; he is in the Journal’s Analysts Hall of Fame. He has appeared on Bloomberg TV, CBS, CNN, CNBC, and Wall Street Week and presented to many leading technology companies. His work has been published in The New York Times, Financial Times, Forbes, and other leading publicities. He authored the bestseller The Coming Computer Industry Shakeout.

About this edition

• Publisher: Ft Press
• Publication date: 2009
• ISBN 10: 013702312X
• ISBN 13: 9780137023127
• Binding: Paperback
• Number of pages: 252