Expectations Investing has ratings and 10 reviews. by. Alfred Rappaport, Rappaport and Mauboussin provide everything the reader needs to utilize the. Expectations Investing: by Michael Mauboussin and Alfred Rappaport, provides investors with a fantastic framework upon which to make critical. A clearly written book on expectations investing written by valuation experts Alfred Rappaport—author of Creating Shareholder Value—and Michael J.

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Daniel Gewehr rated it liked it Jun 14, It reminds me of the time I picked up The Paleo Diet, hoping to learn about the science behind a processed-food-free diet. Bit of a letdown actually. Michael is the author of Think Twice: He added that the discount rate had to be right or the analysis would be garbage.

Expectations Investing: Reading Stock Prices for Better Returns

After the analysis, usually one or two factors will stand out, capturing a large portion of the variability. And they add an fappaport twistm – they suggest that rather than forecasting cash flows, Small changes in expetations rates or discount rates can make a big difference in the estimate of value. Paperbackpages. And they add an important twist: Finding the drives if the share price will tell you where to focus your research efforts for finding potential expectations revisions.

I neither encourage or discourage the purchase of the book. The flip side of that is that it breezes over much of the complexity inherent in what they propose. Applied Exxpectations and Acquisitions Robert F. Dec 14, Abhishek rated it really liked it. Michael joined CS in as a packaged food industry analyst. And they add an important twistm – they suggest that rather than forecasting cash flows, investors should begin by estimating the expectations embedded in a company’s stock price.


I learned things on those segments which has not been covered in any other book. An investor who has a fix on the market’s expectations can then assess the likelihood of expectations revisions. This is a neutral review from me.

Preview — Expectations Investing by Alfred Rappaport. Mauboussin No preview available – Sunny rated it really liked it Oct 09, Expectations Investing offers a unique and powerful alternative for identifying value-price gaps.

Identify an error in those perceptions; you, as an investor, have uncovered a An investor who has a fix on the market’s expectations can then assess the likelihood of expectations revisions. The analyst then focuses on those, and what drives them. Vishwesh rated it liked it Jul 13, Books by Alfred Rappaport. Trivia About Expectations Inve It has its good and bad points. Michael has been an adjunct professor of finance at Columbia Business School since and is on the faculty of the Heilbrunn Center for Graham and Dodd Alfrsd.

The first third is quick summaries of jnvesting investment concepts. Account Options Sign in. Thomas Harris rated ijvesting really liked it Aug 27, It gives a different dimension about investingthe author is good and that’s what makes the afred tick.

Alfred RappaportMichael J.

I regret spending time on this book forget the money spent. Bruner No preview available – One other shortcoming is that little time is spent on financials, which are a large part of the market, and for which it is intensely difficult to calculate free cash flow.


Expectations Investing

Paul J rated it liked it Dec 31, At best I think it would only produce a review on the weaknesses of DCF analysis. But there are a number that do, Buffett among them. To ask other readers questions about Expectations Investingplease sign up. Kasem rated it really liked it Dec expectztions, To help investors anticipate such revisions, Rappaport and Mauboussin introduce an “expectations infrastructure” framework for tracing the process of value creation from expectatipns basic economic forces that shape a company’s performance to the resulting impact on sales, costs, and investment.

If you like books invseting love to build cool products, we may be looking for you. The title is very misleading! Want to Read saving…. Morningstar uses DCF for its stock recommendations.

Expectations Investing: Reading Stock Prices for Better Returns by Alfred Rappaport

Michael A Scotten rated it it was amazing Jun 24, That’s not what the authors actually tell us here. Huge fan of Mauboussin, but was hoping for more on decomposing expectations.

Worth the penny and is a long term reference book you can read and re read it each time you get a different perspective. Instead I got a gimmicky fad diet book telling me that I could lose weight fast.