Sunday, June 22, 2008

Book Review: Full of Bull

I just finished reading Full of Bull: Do What Wall Street Does, Not What It Says, To Make Money in the Market by Steve McClellan, investment analyst for 32 years, and what a refreshing read it was. This is by far one of the best books I've read in a long time about common sense ways of choosing stocks. The book is very easy to understand, great for beginning investors, and enlightening for those who have been investing for a long time. The biggest takeaway for the book is the book's sub-title: 'Do What Wall Street Does, Not What It Says'.

McClellan goes into interesting detail about he became a Wall Street research analyst and how changes in investment research took place over the years. He gives lists of numerous things to watch out for, both positive and negative, when looking for a stock to invest in.

I agree with almost 100% of what he advises, only disagreeing with him in one area (he likes New York Stock Exchange stocks, I like NASDAQ stocks). He explains ways of looking at the executives, not only listening to what they say but how they say it, and what they do, at work and outside of work. He shows how this can be very important information to prospective investors.

McClellan also covers how to look at analyst rankings, and what it means when there is a change up or down. In addition, he talks about how companies release news, both good and bad, and how to understand not only what that news means, but what is not said, how much news is released, and how management responds to questions.

If you want a book on investing that is different and much better than the typical 'get rich' book, then Full of Bull is the one for you. By the way, I also like the title.

Disclosure: Steve McClellan and I are both fellow collectors of antique stock certificates.

By Fred Fuld at Stockerblog.com

2 comments:

www.ShareTipsInfo.com Team said...

Dear Visitors,

This blog is really nice and informative. We are pleased to know this blog is really helping people. Its our pleasure to post informative content on this useful blog created by webmaster.

Today that is 20-June-08 Inflation data has broken the records of past 13 years. Today declared Inflation was 11.05% which is too high. From last one month market is in no trade zone. Everyone is feeling pain from market response.

Just watch

The Sensex has lost more than 27% since its January peak, and trading volumes are down 46%.
Investors has lost there 70% of portfolio .

But still we say there are many undervalued stocks which can be used for investment.

To name few
1. DIGJAM
2. SBI

Most of the stocks are trading near to there 52 weeks lows. There are many fundamentally strong scripts too that are trading at lower levels. One can buy and hold them.

Nifty is expected to correct bit more and after that we can say market will be bullish. As this correction was overdue reason being if we observe in past months speculated stocks whose fundamentals are zero has also shown tremendous upward rallies in the market and now again they are trading at there real values. But still investors are trapped in them and no one is sure those scripts will ever reach those highs or not.

Stock market is a ocean where there are many pearls ( here scripts) so one need to select the best one. We strongly recommend if you are not intraday trader but investor then do go through company fundamentals and then invest.

For any query feel free to contact us.

Regards
SHARETIPSINFO TEAM

+91 9891655316
+91 9899056796
+91 9891890425

www.ShareTipsInfo.com Team said...

Dear Visitors,

This blog is really nice and informative. We are pleased to know this blog is really helping people. Its our pleasure to post informative content on this useful blog created by webmaster.

Today that is 20-June-08 Inflation data has broken the records of past 13 years. Today declared Inflation was 11.05% which is too high. From last one month market is in no trade zone. Everyone is feeling pain from market response.

Just watch

The Sensex has lost more than 27% since its January peak, and trading volumes are down 46%.
Investors has lost there 70% of portfolio .

But still we say there are many undervalued stocks which can be used for investment.

To name few
1. DIGJAM
2. SBI

Most of the stocks are trading near to there 52 weeks lows. There are many fundamentally strong scripts too that are trading at lower levels. One can buy and hold them.

Nifty is expected to correct bit more and after that we can say market will be bullish. As this correction was overdue reason being if we observe in past months speculated stocks whose fundamentals are zero has also shown tremendous upward rallies in the market and now again they are trading at there real values. But still investors are trapped in them and no one is sure those scripts will ever reach those highs or not.

Stock market is a ocean where there are many pearls ( here scripts) so one need to select the best one. We strongly recommend if you are not intraday trader but investor then do go through company fundamentals and then invest.

For any query feel free to contact us.

Regards
SHARETIPSINFO TEAM

+91 9891655316
+91 9899056796
+91 9891890425