Investing basics2001, rev. 2021
Expectations Investing
Michael J. Mauboussin and Alfred Rappaport
Teaches how to read the expectations already embedded in a stock price and judge what a company must deliver for the investment to work.
Author
Michael J. Mauboussin and Alfred Rappaport is the author of `Expectations Investing`. The book reflects an approach centered on how to understand the business before the ticker and separate market price from economic value.
Evaluate the framework separately from the author's reputation, and test each recommendation in the current context.