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

7. How Street Analysts Really Operate

Wall Street research took root in 1934 with the publication of the seminal investment text Security Analysis, by Graham and Dodd, a detailed guide to fundamental, conservative, long-term value investing. Today, Street research entails quilting together information and observations from myriad sources, and then drawing conclusions regarding the future outlook and potential for a stock. As an individual investor, you might on occasion find yourself in a situation in which you can conduct research like an analyst, maybe casually sitting next to an executive on a plane flight or at a social function. You certainly can tune into conference calls and read research reports and published company financials. If you ...