000			01614nam a22001937a 4500
005			20240221130706.0
008			240221b |||||||| |||| 00| 0 eng d
020			_a9780231206396
082			_a332.6 _bMAU
100			_aMauboussin, Michael J. _916213
245			_aExpectations investing: _breading stock prices for better returns
260			_bColumbia Business School _aNew York _c2023
300			_axvi, 250 p.
365			_aINR _b799.00
520			_aExpectations Investing offers a unique and powerful alternative for identifying value-price gaps. Rappaport and Mauboussin provide everything the reader needs to utilize the discounted cash flow model successfully. And they add an important twist: they suggest that rather than forecasting cash flows, investors should begin by estimating the expectations embedded in a company's stock price. An investor who has a fix on the market's expectations can then assess the likelihood of expectations revisions. To help investors anticipate such revisions, Rappaport and Mauboussin introduce an "expectations infrastructure" framework for tracing the process of value creation from the basic economic forces that shape a company's performance to the resulting impact on sales, costs, and investment. Investors who use Expectations Investing will have a fundamentally new way to evaluate all stocks, setting them on the path to success. Managers will be able to use the book to devise, adjust, and communicate their company's strategy in light of shareholder expectations.
650			_aInvesting _916214
700			_aRappaport, Alfred _914519
942			_cBK _2ddc
999			_c6278 _d6278