stock prices and increased trading volume affirm that investors quickly respond to such information. ... THE EXPECTATIONS INVESTING PROCESS In the following chapters, we'll walk you carefully through the threestep process of ...

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Author: Alfred Rappaport

Publisher: Harvard Business Press

ISBN: 9781591391272

Category: Business & Economics

Page: 224

View: 572

Expectations Investing is well worth picking up. -Financial Executive Expectations Investing offers a fundamentally new alternative for identifying value-price gaps, built around a deceptively simple and obvious tool: a company's stock price. The authors walk readers step-by-step through their breakthrough method, revealing how portfolio managers, security analysts, investment advisors, and individual investors can more accurately evaluate established and "new economy" stocks alike-and translate shareholder value from theory to reality. AUTHORBIO: Alfred Rappaport directs Shareholder Value Research for L.E.K. Consulting and is a Professor Emeritus at Northwestern's Kellogg School. Michael J. Mauboussin is Credit Suisse First Boston's Chief U.S. Investment Strategist and an adjunct professor at Columbia University.

The ideal solution allows you to use the discounted cash flow model without the burden of cash flow forecasts. This is precisely what expectations investing does. Instead of forecasting cash flows, expectations investing starts with the ...

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Author: Michael J. Mauboussin

Publisher: Columbia University Press

ISBN: 9780231554848

Category: Business & Economics

Page: 250

View: 243

Most investment books try to assess the attractiveness of a stock price by estimating the value of the company. Expectations Investing provides a powerful and insightful alternative to identifying gaps between price and value. Michael J. Mauboussin and Alfred Rappaport suggest that an investor start with a known quantity, the stock price, and ask what it implies for future financial results. After showing how to read expectations, Mauboussin and Rappaport provide a guide to rigorous strategic and financial analysis to help investors assess the likelihood of revisions to these expectations. Their framework traces value creation from the triggers that shape a company’s performance to the impact on the value drivers. This allows a practitioner of expectations investing to determine whether a stock is an attractive buy or sell candidate. Investors who read this book will be able to evaluate stocks of companies in any sector or geography more effectively than those who use the standard approaches of most investors. Managers can use the book’s principles to devise, adjust, and communicate their company’s strategy in light of shareholder expectations. This revised and updated edition reflects the many changes in accounting and the business landscape since the book was first published and provides a wealth of new examples and case studies.

This implies that the increase of consumption corresponding to an increase of investment [ according to the Multiplier principle ] is provided by a sufficient increase in the activity of straight - sequence industries at all stages ...

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Author: George Lennox Sharman Shackle

Publisher: Oxford : Clarendon P.

ISBN: UOM:39015014455359

Category: Business cycles

Page: 130

View: 942

He originated the Shareholder Scoreboard for The Wall Street Journal. Books Expectations Investing, HBS, 2001 (with Michael Mauboussin) Creating Shareholder Value: A Guide for Managers and Investors, The Free Press 1998 ...

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Author: Philip Jenks

Publisher: Harriman House Limited

ISBN: 9781905641222

Category: Business & Economics

Page: 500

View: 488

For the first time, the tactics, strategies and insightsrelied on by 150 of the world's most respected financialexperts are revealed in a concise, digestible form. Learnhow you really make money in the markets from: fundmanagers of billion-pound equity funds; traders in theoptions and futures markets; industry-rated analysts;economists ......

He originated the Shareholder Scoreboard for The Wall Street Journal. Books Expectations Investing, HBS, 2001 (with Michael Mauboussin) Creating Shareholder Value: A Guide for Managers and Investors, The Free Press 1998 ...

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Author: Philip Jenks

Publisher: FT Press

ISBN: 9780130094018

Category: Business & Economics

Page: 502

View: 413

Profiles of 150 successful fund managers, traders, analysts, economists, and investment experts offer advice, techniques, and ideas to increase returns and control risks in investing. Some of the areas of specialty discussed include international markets and capital flows, company valuation, liquidi

Collected wisdom from the world's top 150 investors Philip Jenks, Stephen Eckett. Introduction. 'Expectations investing' represents a fundamental shift from the wayprofessional money managers and individual investors selectstocks today.

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Author: Philip Jenks

Publisher: Harriman House Limited

ISBN: 9780857191137

Category: Business & Economics

Page: 500

View: 201

For the first time, the tactics, strategies and insights relied on by 150 of the world's most respected financial experts are revealed in a concise, digestible form. Learn how you really make money in the markets from: - fund managers of billion-pound equity funds - traders in the options and futures markets - industry-rated analysts - economists from top business schools - writers on leading financial newspapers Each provides focused and practical rules on how to succeed in the market. Often counter-intuitive, their rules tell you exactly what to do and what not to do. No padding; just a rock-hard list of do's and don'ts. The contributors to this book are the elite of investing. They consistently beat the market because they know which shares to buy, at what price, and when. And, just as importantly, they know when to sell. Never before has so much quality advice been packed into a single book. If you want to increase your wealth through investing, this is an unmissable opportunity to acquire knowledge and skills from the best in the world.

Expectations Investing Stock prices reflect expectations and the key to generating superior returns is to successfully anticipate expectation revisions. An important thing to understand is that neither a good high return business nor a ...

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Author: by Parag Parikh

Publisher: Tata McGraw-Hill Education

ISBN: 9780070077638

Category:

Page: 325

View: 296

Smart and successful way of investing calls for a thorough understanding of behavioral finance not just market sentiments, crowd behavior or company performance. This book studies investing and behavioral trends in Indian capital markets, and shows the follies of collective behavioral biases and their impact on investor decisions and returns.

EXPECTATIONS. INVESTING. By Alfred Rappaport and Michael J. Mauboussin. Published by Harvard Business School Press Boston ... Rappaport and Mauboussin eloquently and simply advocate and describe their expectation investing approach.

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Author: Gary Previts

Publisher: Elsevier

ISBN: 0080545432

Category: Business & Economics

Page: 316

View: 625

Research in Accounting Regulation

To earn above-average-market returns, investors must correctly anticipate changes in a company's prospects that are not already reflected in the current price. The expectations investing theory is an extension and modification of ...

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Author: Robert A. G. Monks

Publisher: John Wiley & Sons

ISBN: 0470936762

Category: Business & Economics

Page: 556

View: 666

A detailed guide to the discipline of corporate valuation Designed for the professional investor who is building an investment portfolio that includes equity, Corporate Valuation for Portfolio Investment takes you through a range of approaches, including those primarily based on assets, earnings, cash flow, and securities prices, as well as hybrid techniques. Along the way, it discusses the importance of qualitative measures such as governance, which go well beyond generally accepted accounting principles and international financial reporting standards, and addresses a variety of special situations in the life cycle of businesses, including initial public offerings and bankruptcies. Engaging and informative, Corporate Valuation for Portfolio Investment also contains formulas, checklists, and models that the authors, or other experts, have found useful in making equity investments. Presents more than a dozen hybrid approaches to valuation, explaining their relevance to different types of investors Charts stock market trends, both verbally and visually, enabling investors to think like traders when needed Offers valuation guidance based on less quantitative factors, namely management quality and factors relating to the company and the economy Corporate Valuation for Portfolio Investment puts this dynamic discipline in perspective and presents proven ways to determine the value of corporate equity securities for the purpose of portfolio investment.

'Expectations investing' represents a fundamental shift from the way professional money managers and individual investors select stocks today. It recognizes that the key to achieving superior results is to begin by estimating the ...

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Author: Philip Jenks

Publisher: Harriman House Limited

ISBN: 9780857192134

Category: Business & Economics

Page: 150

View: 111

Back in 2001, The Harriman House Book of Investing Rules was compiled and published. The project was a huge success, the rules provided by the contributors were fascinating, insightful and entertaining, and for the first time the book pooled together collected wisdom of 150 of the world's greatest traders in one place. One of the many strengths of the rules that were written for and included in the original publication was their timeless quality - these gems of investing and trading wisdom apply to a range of markets across a spread of time periods and are not confined to one market or one set of circumstances. And so it is that the decision was made to republish the original rules in a more condensed form and in a new format. In this eBook you will find just that; 80 sets of trading rules from expert international traders. As with the original publication, these rules provide condensed knowledge from experts about what they consider to the key determinants of trading success. You will notice that the experts do not agree, this is intentional as trading is a diverse and conflicting pursuit, and you will notice that the rules are not comprehensive, this is also intentional, as this is a reference guide to be dipped into and to encourage you to take up further reading elsewhere on subjects that appeal to you. Traders of all experience levels will find these rules useful in clarifying aspects of their trading approach. The original publication of 150 rules is also available as an eBook, from all good online retailers. www.harriman-house.com/investingrules