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.
Why read it
Teaches how to read the expectations already embedded in a stock price and judge what a company must deliver for the investment to work.
Helps readers understand the business before the ticker.
Helps readers separate market price from economic value.
Helps readers test the thesis against evidence.
Helps readers build a process before committing capital.