Expectations Investing

by Michael J. Mauboussin
Expectations Investing cover
Good Books rating 4.33
Business and Economics
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Waterstones
Hardback • £22.00
Amazon
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Technical
  • ID: 2178
  • Added: 2025-10-12
  • Updated: 2025-10-12
  • ISBN: 9781591391272
  • Publisher: Harvard Business Press
  • Published: 2003-01-01
  • Formats: 1
  • Reviews: 3

Expectations Investing presents a revolutionary approach to identifying value-price gaps in the stock market. By focusing on a company's stock price as a key tool, the authors provide a step-by-step method that enables investors to more accurately assess both established and 'new economy' stocks. This approach helps translate theoretical shareholder value into practical, real-world results. The book is authored by Alfred Rappaport, a renowned expert in shareholder value and Professor Emeritus at Northwestern's Kellogg School, and Michael J. Mauboussin, a leading investment strategist and adjunct professor at Columbia University. Together, they bring a wealth of knowledge and experience to the table, making this book an invaluable resource for portfolio managers, security analysts, investment advisors, and individual investors alike.

Reviews
SoBrief · 2025-04-15
practical 4.50

The book offers key takeaways that are crucial for investment success, emphasizing the importance of understanding market expectations and long-term cash flow expectations.

The reviewer finds 'Expectations Investing' to be a concise yet comprehensive guide to understanding the stock market. They particularly appreciate the 10 key takeaways provided, which distill complex investment principles into easily digestible points. The emphasis on market expectations and long-term cash flow expectations is seen as a significant strength, offering readers a clear roadmap for successful investing. The reviewer also notes the practicality of the advice, making it suitable for both novice and experienced investors.

Quick quotes

    The Market's Expectations Are the Key to Investment Success.

    Stock Prices Reflect Long-Term Cash Flow Expectations.

    This book provides a clear and actionable framework for investors to navigate the complexities of the stock market.

CFA Institute · 2022-01-14
insightful 4.50

This book is a valuable resource for practitioners looking to gain insight into stock prices and investment strategies. The framework provided is thorough and practical.

The reviewer highlights that 'Expectations Investing' is an essential read for anyone serious about understanding the intricacies of stock market investments. They appreciate the unique approach the authors take in bridging the gap between price and value, making it a powerful tool for investors. The book's framework is not only insightful but also practical, offering readers actionable strategies to apply in their investment decisions. The reviewer commends the authors for their clarity and depth, making complex concepts accessible and understandable.

Quick quotes

    Expectations Investing: Reading Stock Prices for Better Returns represents an important resource for practitioners seeking an insightful and practical framework for understanding stock prices.

    The book provides a comprehensive and systematic approach to identifying value-price gaps, making it a valuable addition to any investor's library.

    Rappaport and Mauboussin's work is a testament to their expertise and experience in the field of finance.

Goodreads · 2021-09-28
essential 4.00

The book is praised for its powerful and insightful alternative to identifying gaps between price and value, making it a must-read for investors.

The reviewer on Goodreads highly recommends 'Expectations Investing' for its innovative approach to investment analysis. They believe the book provides a powerful and insightful alternative to traditional methods, helping readers identify gaps between price and value more effectively. The reviewer also appreciates the clarity and depth of the content, making it accessible to a wide range of readers. They see it as an essential resource for anyone looking to enhance their investment strategies and achieve better returns.

Quick quotes

    Expectations Investing provides a powerful and insightful alternative to identifying gaps between price and value.

    The authors' approach is both unique and practical, offering readers a fresh perspective on investment analysis.

    This book is a must-read for anyone serious about improving their investment strategies and achieving better returns.

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