| Expectations Investing: Reading Stock Prices for Better Returns Revised Edition Contributor(s): Rappaport, Alfred (Author), Mauboussin, Michael J. (Author), Bernstein, Peter L. (Foreword by) |
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ISBN: 159139127X ISBN-13: 9781591391272 Publisher: Harvard Business Review Press OUR PRICE: $25.20 Product Type: Paperback - Other Formats Published: February 2003 Annotation: The beauty of expectations investing is that it harnesses the power of the market's own tried-and-true pricing model-discounted cash flow-without requiring difficult and often dubious long-term forecasting. Highly practical, this book provides a strategic framework and corresponding tools for using price-implied expectations. |
| Additional Information |
| BISAC Categories: - Business & Economics | Economics - General - Business & Economics | Investments & Securities - General - Business & Economics | Finance - General |
| Dewey: 332.632 |
| Physical Information: 0.8" H x 6.1" W x 9.1" (0.65 lbs) 256 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: Expectations Investing offers a unique and powerful alternative for identifying value-price gaps. Rappaport and Mauboussin provide everything the reader needs to utilize the discounted cash flow model successfully. And they add an important twist: they suggest that rather than forecasting cash flows, investors should begin by estimating the expectations embedded in a company's stock price. An investor who has a fix on the market's expectations can then assess the likelihood of expectations revisions. To help investors anticipate such revisions, Rappaport and Mauboussin introduce an expectations infrastructure framework for tracing the process of value creation from the basic economic forces that shape a company's performance to the resulting impact on sales, costs, and investment. Investors who use Expectations Investing will have a fundamentally new way to evaluate all stocks, setting them on the path to success. Managers will be able to use the book to devise, adjust, and communicate their company's strategy in light of shareholder expectations. |