Expectations Investing

This book is a special one. It's a classic that has been revised for modern time[s]. If you have been in the investmentverse, Michael Mauboussin and Alfred Rappaport don't need an introduction. They are both pillars in investment research. Mr. Mauboussin is known for his top-notch research and knowledge. Al Rappaport is professor emeritus at Kellogg School of Management and one of the most respected experts on markets. Most financial textbooks share three things in common: massive, boring and expensive. Not this one. Expectations Investing is 272 pages of wisdom.

Auteur
Michael J. Mauboussin is head of Consilient Research at Counterpoint Global, Morgan Stanley Investment Management. He is an adjunct professor of finance at Columbia Business School. His books include More Than You Know: Finding Financial Wisdom in Unconventional Places (Columbia, updated and expanded edition, 2007); Think Twice: Harnessing the Power of Counterintuition (2009); and The Success Equation: Untangling Skill and Luck in Business, Sports, and Investing (2012).

Alfred Rappaport is the Leonard Spacek Professor Emeritus at Northwestern University's Kellogg School of Management. He is the author of Creating Shareholder Value (revised edition, 1997) and Saving Capitalism from Short-Termism: How to Build Long-Term Value and Take Back Our Financial Future (2011). Rappaport has been a guest columnist for the Wall Street Journal, the New York Times, the Financial Times, Fortune, and BusinessWeek.

Texte du rabat

Most investment books try to assess the attractiveness of a stock price by estimating the value of the company. Expectations Investing provides a powerful and insightful alternative to identifying gaps between price and value.

Contenu
Foreword
Preface
Acknowledgments

1. The Case for Expectations Investing
   Part I. Gathering the Tools
2. How the Market Values Stocks
3. The Expectations Infrastructure
4. Analyzing Competitive Strategy
   Part II. Implementing the Process
5. How to Estimate Price-Implied Expectations
6. Identifying Expectations Opportunities
7. Buy, Sell, or Hold?
8. Beyond Discounted Cash Flow
9. Across the Economic Landscape
   Part III. Reading Corporate Signals and Sources of Opportunities
10. Mergers and Acquisitions
11. Share Buybacks
12. Sources of Expectations Opportunities
    Notes
    Index