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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Who would benefit from this book? Dudu Hdyr rated it really liked it Jan 31, It reminds me of the time I picked up The Paleo Diet, hoping to learn about the science behind a processed-food-free diet.

Bernstein Limited preview – There are some things I don’t understand in the book, and I’ll probably need to hash through some analysis before it begins to make sense. I regret spending time on this book forget the money spent.

Expectations Investing: Reading Stock Prices for Better Returns

It gives a different dimension about investingthe author is good and that’s what makes the book tick. Worth the penny and is a long term reference book you can read and re read it each time you get a different perspective. Daniel Gewehr rated it liked it Jun 14, If you like books and love to build cool products, we may be looking for you.


And they add an important twistm – they suggest that rather than forecasting cash flows, The analyst then focuses on those, and what drives them. Managers will be able to use the book to devise, adjust, and communicate their company’s strategy in light of shareholder expectations.

Analyzing Cash Flow: ‘Expectations Investing,’ by Alfred Rappaport and Michael J. Mauboussin

Michael earned an A. Small changes in growth rates or discount rates can make a big difference in the estimate of value.

Other editions – View all Expectations Investing: Investors who use Expectations Alfrer will have a fundamentally new way to evaluate all stocks, setting them on the path to success. Just a moment while we sign you in to your Goodreads account. The title is very misleading!

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.

Expectations Investing

Lists with This Book. Greatest gripe is that expectations decomposition only accounts for chapters of the book. To see what your friends thought of this book, please sign up. I remember a Dilbert cartoon where an analyst told Dogbert that scientific decision analysis required forecasting future free cash flows and discounting raappaport.

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

Michael is the author of Think Twice: Michael joined CS in as a packaged food industry analyst. Identify an error in those perceptions; you, as an investor, have uncovered a A weak spot in the book is investign discussion of cost of capital. Reading Stock Prices for Better Returns. Return to Book Page. Yudi Andreas rated it really liked it Dec 29, MauboussinPeter L.


Vishwesh rated it liked it Jul 13, There are some things I don’t understand in the book, and I’ll probably need to ha This book was required reading in my graduate program. However, the most confusion stems from the following: Trivia About Expectations Inve At best I think it would only produce a review on the weaknesses of DCF analysis. Nov 16, Rafael Jose Velasquez rated it really liked it. Rappaport and Mauboussin provide everything the reader needs to utilize the discounted cash flow model successfully.

Beyond that, the analyst needs to understand how the company in question fits into its industry. Finding the drives if the share price will tell you where to focus your research efforts for finding potential expectations revisions.

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