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.
This book is a special one. It's a classic that ? has been revised for modern time[s]. If you have been in the investmentverse, Michael Mauboussin and Alfred Rappaport don't need an introduction. They are both pillars in investment research. Mr. Mauboussin is known for his top-notch research and knowledge. Al Rappaport is professor emeritus at Kellogg School of Management and one of the most respected experts on markets. Most financial textbooks share three things in common: massive, boring and expensive. Not this one. Expectations Investing is 272 pages of wisdom.