By Stephen T. McClellan
October 2007
222 pages, $22.99
The subtitle makes the author’s point crystal clear: do what Wall Street does, not what it says. McClellan, a securities analyst who spent 32 years rating computer stocks at Merrill Lynch and Salomon Brothers, speaks from experience. He firmly believes that Wall Street research is flawed due to conflicts of interest, institutional bias and the imperatives of personal career advancement at the expense of the customer, especially the individual retail investor.
This book is not a soft-focus memoir. McClellan charges hard. He