Expectations Investing: Reading Stock Prices for Better Returns, Revised and Updated

Expectations Investing is a book that provides an alternative approach to identifying gaps between price and value by starting with a known quantity, the stock price, and asking what it implies for future financial results. It guides investors through a rigorous strategic and financial analysis to help them assess the likelihood of revisions to these expectations and determine whether a stock is an attractive buy or sell candidate. The revised and updated edition reflects the many changes in accounting and the business landscape since the book was first published and provides a wealth of new examples and case studies.

\n Format: Hardback
\n Length: 272 pages
\n Publication date: 05 October 2021
\n Publisher: Columbia University Press
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Investors often rely on traditional investment books to assess the attractiveness of a stock price by estimating the value of the company. However, Expectations Investing offers a compelling and insightful alternative approach. In this book, Michael J. Mauboussin and Alfred Rappaport propose that investors should start with a known quantity, the stock price, and then ask what it implies for future financial results. By demonstrating how to read expectations, Mauboussin and Rappaport guide investors through a rigorous strategic and financial analysis to evaluate the likelihood of revisions to these expectations. Their framework encompasses the entire value creation process, from the triggers that shape a company's performance to the impact on its value drivers. This enables expectations investing practitioners to determine whether a stock is a desirable buy or sell candidate.

By reading this book, investors will gain a more effective means of evaluating stocks from companies across different sectors and geographies than those who rely on the standard approaches of most investors. Managers can also utilize the principles outlined in the book to devise, adjust, and communicate their company's strategy in alignment with shareholder expectations.

This revised and updated edition of Expectations Investing takes into account the many changes in accounting and the business landscape since the book's initial publication. It offers a wealth of new examples and case studies to enhance the reader's understanding and application of the concepts. Whether you are an experienced investor or a novice seeking to expand your knowledge, Expectations Investing is a valuable resource that can help you achieve better investment outcomes.

\n Weight: 528g\n
Dimension: 160 x 237 x 23 (mm)\n
ISBN-13: 9780231203043\n \n