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.

Author: Shasho Akirn
Country: Morocco
Language: English (Spanish)
Genre: Love
Published (Last): 14 April 2015
Pages: 214
PDF File Size: 2.24 Mb
ePub File Size: 9.93 Mb
ISBN: 592-2-54938-121-6
Downloads: 38869
Price: Free* [*Free Regsitration Required]
Uploader: Mezitaur

EXPECTATIONS INVESTING: Reading Stock Prices for Better Returns

Mel Blann rated it liked it Aug 10, Cut to the chase, and use simpler models industry by industry. Pankaj rated it it was amazing Jul 07, Nov 30, Ryan rated it it was ok Shelves: Alfref to Book Page.

Maria Lernerman rated it it was amazing Mar 24, Who would benefit from this book? Lists with This Book.

Rappaport and Mauboussin invdsting everything the reader needs to utilize the discounted cash flow model successfully. Paul J rated it liked it Dec 31, 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

Alfred RappaportMichael J. Be the first to ask a question about Expectations Investing. Kasem rated it really liked it Dec 17, Be aware of price implied expectations, and based on price implied expectations which are the value drivers for a company. Bernstein Limited preview – The weird vibe is in odd juxtaposition to some quality ideas regarding company analysis. That said, inverted DCF can work without discount rates. Mauboussin No preview available – BusinessWeeks Guide to the Best Business Schools highlighted Michael as one of the schools Outstanding Faculty, a distinction received by only seven professors.


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. The first third is quick summaries of basic investment concepts. Rappaport and Mauboussin provide everything the reader needs to utilize the discounted cash flow model successfully.

Mar 20, Jobin Thomas rated it did not like it.

It gives a different dimension about investingthe author is good and that’s what makes the book tick. They are asking us to look at consensus analyst estimates from some data providers like Bloomberg.

At best I think it would only produce a review on the weaknesses of DCF analysis. Vishwesh rated it liked it Jul 13, It lends itself easily to garbage in, garbage out.

Dec 14, Abhishek rated it really liked it. Finding the drives if the share price will tell you where to focus your research efforts for finding potential expectations revisions. Jun 28, Spence Byer rated it liked it.

The analyst then focuses on those, and what drives them. Other editions – View all Expectations Investing: He is also affiliated with the Santa Fe Institute, a leading center for multi-disciplinary research in complex systems theory, and is on the board of directors of Sermo, an online community for physicians.


I regret spending time on rppaport book forget the money spent.

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

Beyond that, the book touches on:. Michael is the author of Think Twice: I neither encourage or discourage the purchase of the book. And they add an important twist: You can make me add, subtract, multiply, and divide!

A weak spot in the book is its discussion of cost of capital. The analyst can then look at those expectations and try to determine whether they are too high or too low.

At pages, “Expectations Investing” is not a long book for what it covers. After the analysis, usually one or two factors will stand out, capturing a large portion of the variability.

Managers will be able to use the book to devise, adjust, and communicate their company’s strategy in light of shareholder expectations. Columbia Business School Publishing, Bruner No preview available – Incesting Hdyr rated it really liked it Jan 31,