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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One other shortcoming is that little time is spent on financials, which are a large part of the market, and for which it is intensely difficult to calculate free cash flow.

Expectations Investing: Reading Stock Prices for Better Returns

Be the first to ask a question knvesting Expectations Investing. Dec 14, Abhishek rated it really liked it. It lends itself easily to garbage in, garbage out.

The authors’ cost of equity capital analysis relies on beta, which is not a stable parameter, nor does it really capture what risk is. Jul 26, Ragavendhra rated it really liked it. My library Help Advanced Book Search. Other editions – View all Expectations Investing: It has its good and bad points.


Expectations Investing: Reading Stock Prices for Better Returns by Alfred Rappaport

Greg rated it liked it Aug 05, Michael has been an adjunct professor of finance at Columbia Business School since and is on the faculty of the Heilbrunn Center for Graham and Dodd Investing. I remember a Dilbert cartoon where an analyst told Dogbert that scientific decision analysis required forecasting future free cash expectatioons and discounting them.

Sep 05, Asif rated it liked it. Aser Rodriguez rated it it was amazing Rappapkrt 24, The analyst then focuses on those, and what drives them.

Want to Read Currently Reading Read. Alfred InvestiingMichael J. At pages, “Expectations Investing” is not a long book for what it covers.

Expectations Investing

Expectations Investing offers a unique and powerful alternative for identifying value-price gaps. More than that, they reflect the opinions of the buy-side. The flip side of that is that it breezes over much of the complexity inherent in what they propose.

At best I think it rappapoort only produce a review on the weaknesses of DCF analysis. That said, inverted DCF can work without discount rates. The framework for reverse engineering the stock price was not very new. The analyst can also look at whether there might be changes due to unit growth, product price changes, operating leverage, economies of scale, cost efficiencies, and changes in the marginal efficiency of capital.


Yudi Andreas rated it really liked it Dec 29, Sumant Singh rated it really liked it Jul 10, If you like books and love to build cool products, we may be looking for incesting. Return to Book Page. Mauboussin Limited preview – Investors who use Expectations Investing will have a fundamentally new way to evaluate all stocks, setting them on the path to success. Thomas Harris rated it really liked it Aug 27, Account Options Sign in.

Finding the drives if the share price will tell you where to focus your research efforts for finding potential expectations revisions. Huge fan of Mauboussin, but was hoping for more on decomposing expectations.