Centennial Speaker Series: Michael Mauboussin on Expectations Investing: Reading Stock Prices for Better Returns
Centennial Speaker Series: Michael Mauboussin on Expectations Investing: Reading Stock Prices for Better Returns
Most investment books try to assess the attractiveness of a stock price by estimating the value of the company. Expectations Investing, by Michael Mauboussin and Alfred Rappaport, provides a powerful and insightful alternative to identifying gaps between price and value. The authors suggest that an investor start with a known quantity, the stock price, and