Expectations Investing: Reading Stock Prices for Better Returns

Alfred Rappaport, Michael J. Mauboussin and Peter L. Bernstein

"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. 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.

Expectations Investing: Reading Stock Prices for Better Returns