Expectations Investing has ratings and 10 reviews. by. Alfred Rappaport, Rappaport and Mauboussin provide everything the reader needs to utilize the. Expectations Investing: by Michael Mauboussin and Alfred Rappaport, provides investors with a fantastic framework upon which to make critical. A clearly written book on expectations investing written by valuation experts Alfred Rappaport—author of Creating Shareholder Value—and Michael J.
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Paul J rated it liked it Dec 31, Most professionals invert the process, and rather than trying to estimate what a stock is worth, they estimate what they think the company will return at the current market price. Jun 21, George Atuan rated it it was ok.
Want to Read saving…. Morningstar uses DCF for its stock recommendations. He is also affiliated with the Santa Fe Institute, a leading center for multi-disciplinary research in complex systems theory, and is on the board of directors of Sermo, an online community for physicians.
Expectations Investing offers a unique and powerful alternative for identifying value-price gaps. Market prices are not just a reflection of sell-side analyst estimates.
Bernstein Limited preview – Return to Book Page. And they add an important twist: Worth the penny and is a long term reference book you can read and re read it each time you get a different perspective.
Preview — Expectations Investing by Alfred Rappaport. If you like books and love to build cool products, we may be looking for you. Reading Stock Prices for Better Returns. I neither encourage or discourage the purchase of the book.
Analyzing Cash Flow: ‘Expectations Investing,’ by Alfred Rappaport and Michael J. Mauboussin
Trivia About Expectations Inve Thomas Harris rated it really liked it Aug 27, Jeff rated it really liked it Jul 23, Michael joined CS in as a packaged food industry analyst. Greg rated it liked it Aug 05, And they add an important twistm – they suggest that rather than forecasting cash flows, This is a neutral review from me.
Dudu Hdyr rated it really liked it Jan 31, As some legendary trader reputedly yelled at a quant: To ask other readers questions about Expectations Investingplease sign up. I got so irritated and Avoid this book.
EXPECTATIONS INVESTING: Reading Stock Prices for Better Returns
Aside from financials, if someone were to ask me, ‘is this how valuation should be done? The title makes us think that we will be able to reverse-engineer the DCF assumptions, which the market is pricing-in for a particular stock.
To help investors anticipate such revisions, Rappaport and Mauboussin introduce an ‘expectations infrastructure’ framework for tracing the process of value creation from the basic economic forces that shape a company’s performance to the resulting impact on sales, costs, invesring investment.
The analyst then focuses on those, and what drives them. Bit of a letdown actually.
Open Preview See a Problem? An investor who has a fix on the market’s expectations can then assess the likelihood of expectations revisions. Beyond that, the book touches on:.