Begins with dramatic proof of the shortcomings of accounting numbers as earnings per share, return on investment, and return on equity, and explains to develop value-creating business strategies and how to ...
Alfred Rappaport Books
Michael J. Mauboussin is a leading author and investment strategist who delves into the psychology of investing and the pursuit of financial wisdom in unconventional places. His work deeply explores the principles of counterintuitive thinking and the power of reading stock prices. Mauboussin bridges theoretical insights with practical applications, offering readers ways to enhance their decision-making. His approach to investing is informed by multidisciplinary research and complex systems, enabling him to uncover underappreciated strategies.
Offering definitive guidance for managers, this updated business classic outlines effective tactics for maximizing value for both shareholders and businesses. With a new introduction by the author, it emphasizes strategic selection and implementation of these tactics, making it an essential resource for those looking to enhance organizational success.
Expectations Investing
- 256 pages
- 9 hours of reading
This text aims to help investors crack the investing market. It offers a fundemental change in the way professional managers and individual investors select stock. Topics covered include: valuation of stocks; analyzing competitive strategy; the economic landscape; and mergers and acquisitions
Expectations Investing: Reading Stock Prices for Better Returns
- 256 pages
- 9 hours of reading
The book introduces a novel approach to evaluating stocks by focusing on the expectations embedded in a company's stock price rather than solely forecasting cash flows. Rappaport and Mauboussin present an "expectations infrastructure" framework that connects economic forces to value creation, enabling investors to anticipate revisions in market expectations. This method equips investors and managers with tools to assess and communicate strategies effectively, fostering a deeper understanding of stock evaluation and enhancing investment success.