000			01769nam a2200217Ia 4500
999			_c168329 _d168329
005			20220526154446.0
008			200208s9999 xx 000 0 und d
020			_a9781591391272
082			_a332.632042 RAP
100			_a"Rappaport, Alfred"
245		0	_aExpectations investing: readings stock prices for better returns / by Alfred Rappaport and Michael J. Mauboussin
260			_aBoston
260			_bHarvard Business School Press
260			_c2001
300			_a224p.
365			_b1250
365			_dRS
520			_aMost investment books try to assess the attractiveness of a stock price by estimating the value of the company. Expectations Investing provides a powerful and insightful alternative to identifying gaps between price and value. Michael J. Mauboussin and Alfred Rappaport suggest that an investor start with a known quantity, the stock price, and ask what it implies for future financial results. After showing how to read expectations, Mauboussin and Rappaport provide a guide to rigorous strategic and financial analysis to help investors assess the likelihood of revisions to these expectations. Their framework traces value creation from the triggers that shape a company’s performance to the impact on the value drivers. This allows a practitioner of expectations investing to determine whether a stock is an attractive buy or sell candidate. Investors who read this book will be able to evaluate stocks of companies in any sector or geography more effectively than those who use the standard approaches of most investors. Managers can use the book’s principles to devise, adjust, and communicate their company’s strategy in light of shareholder expectations.
650			_aInvestment analysis
942			_cB _2ddc