Summary of Michael J. Mauboussin & Alfred Rappaport's Expectations Investing

Availability:
Ebook in EPUB format. Available for immediate download after we receive your order

DRM:
Watermark

Publication Year:
2022

ISBN-13: 9781669364290

Please note: This is a companion version & not the original book.

Sample Book Insights:

#1 The central theme of this book is that the ability to read market expectations and anticipate revisions of those expectations is the springboard for earning superior long-term returns. Stock prices express the collective expectations of investors, and changes in those expectations determine investment success.

#2 Expectations investing is a practical application of corporate finance principles that many companies have used for decades. It incorporates the concepts of value creation and competitive strategy analysis.

#3 The disappointing performance of professionally managed funds is not an indictment of active management, but rather reflects the suboptimal strategies used by many active professionals.

#4 Expectations investing draws from finance theory to pinpoint the market's expectations. It then taps appropriate competitive strategy frameworks to help investors anticipate revisions in expectations.