Expectations Investing: Reading Stock Prices for Better Returns

Description

Expectations Investing argues for a fundamental change in the way professional managers and individual investors select stocks. - Covers important finance basics, MBAs-or a determined individual investor who can read a balance sheet-will find this book to be a great foundation. - Supplies financial and strategic tools to help readers value stocks and estimate a company's value creation prospects. - Provides readers with compelling reasons for switching from their traditional investing approaches to expectations investing practices. - Shows readers how they can apply the fundamental economic principles to all companies-physical, service, knowledge, and start-ups-and outlines how to identify related buy and sell opportunities - Explains how a start-up's employee stock options, real options, and stock price volatility affect its business operations and, consequently, its stock value. - Offers readers a more practical, effective way to identify value-price gaps-the key to superior returns.

Alfred Rappaport directs Shareholder Value Research for L.E.K. Consulting and is a Professor Emeritus at Northwestern's Kellogg School. Michael Mauboussin is Credit Suisse First Boston's Chief U.S. Investment Strategist. He is also an adjunct professor at Columbia University and runs the New Economic Forum at the Santa Fe Institute.