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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Goodreads helps you keep track of books you want to read. Morningstar uses DCF for its stock recommendations. Alfred RappaportMichael J.

Just a moment while we sign you in to your Goodreads account. Pankaj rated it it was amazing Jul 07, A weak spot in the book is its discussion of cost of investingg.

EXPECTATIONS INVESTING: Reading Stock Prices for Better Returns

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. Vishwesh rated it liked it Jul 13, 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. Niels Olsen inevsting it really liked it May 01, I got so irritated and put down the book half-way.


Mar 20, Jobin Thomas rated it did not like it. Lists with This Book. Expectations Investing offers a unique and powerful alternative for identifying value-price gaps. And they add an important twistm – they suggest that rather than forecasting cash flows, They are asking us to look at consensus analyst estimates from some data providers like Bloomberg.

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

Trivia About Expectations Inve I got so irritated and Avoid this book. MauboussinPeter L. Mauboussin Limited preview – Applied Mergers and Acquisitions Robert F. To see what your friends thought of this book, please sign up.

No trivia or quizzes yet. The weird vibe is in odd juxtaposition to some quality ideas regarding company analysis. The framework for reverse engineering the stock price was not very new.

Expectations Investing

Mauboussin No preview available – Dec 14, Abhishek rated it really liked it. Kasem rated it really liked it Dec 17, Market prices are not just a fxpectations of sell-side analyst estimates. 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. The authors’ cost of equity capital analysis relies on beta, which is not a stable parameter, nor alfrwd it really capture what risk is. If you like books and love to build cool products, we may be looking for you.


Identify an error in those perceptions; you, as an investor, have uncovered a More than that, they reflect the opinions of the altred. Refresh and try again.