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Full of Bull (Updated Edition): Unscramble Wall Street Doubletalk to Protect and Build Your Portfolio by Stephen T. McClellan

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2. Understanding Wall Street’s Misleading Practices

After digesting the ambiguous doubletalk and often deceptive ways of Wall Street discussed in Chapter 1, “Decoding Wall Street’s Well-Kept Secrets,” investors need to be aware of the more subtle detrimental influences of the Street. Now that you have been introduced to some of Wall Street’s secrets, you need the graduate course in comprehending Wall Street’s misleading practices. Individual investors cannot invest properly until they discount the research directives from the Street. Beyond filtering out incessant Street noise, you must put Street research in the proper perspective. With a superior investment strategy, you can outmaneuver even institutional portfolio managers while exploiting ...

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