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.
Case studies
Case 1
When applying Expectations Investing, choose a real decision and test whether you can understand the business before the ticker. Record evidence, action, and outcome to avoid hindsight rationalization.
Case 2
When applying Expectations Investing, choose a real decision and test whether you can separate market price from economic value. Record evidence, action, and outcome to avoid hindsight rationalization.
Case 3
When applying Expectations Investing, choose a real decision and test whether you can test the thesis against evidence. Record evidence, action, and outcome to avoid hindsight rationalization.
Case 4
When applying Expectations Investing, choose a real decision and test whether you can build a process before committing capital. Record evidence, action, and outcome to avoid hindsight rationalization.