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.
Influence
The lasting value of `Expectations Investing` is its help in learning to understand the business before the ticker and separate market price from economic value.
Judge the book's influence by the decisions it improves, not popularity alone.