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

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

EPUB

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Description

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

Book Preview: #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.

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