Book cover of Expectations Investing: Reading Stock Prices for Better Returns

Book description

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…

When you buy books, we may earn a commission that helps keep our lights on (or join the rebellion as a member).

Why read it?

1 author picked Expectations Investing as one of their favorite books. Why do they recommend it?

Again, this is the kind of book that demonstrates practically how to forecast financial performance of a company and then value it.

It goes a step further and, as the title proclaims, the authors try to reverse engineer a price of a stock and match investors’ expectations with specific assumptions of the model. One of these assumptions is the growth period. This contrasts with the conventional practice of discounting a fixed growth period of five or ten years.

The book provides Excel models, backed up by the proper math, that are very helpful in deconstructing a share price to model…

If you love Expectations Investing...

Book cover of December on 5C4

December on 5C4 by Adam Strassberg,

Magical realism meets the magic of Christmas in this mix of Jewish, New Testament, and Santa stories–all reenacted in an urban psychiatric hospital!

On locked ward 5C4, Josh, a patient with many similarities to Jesus, is hospitalized concurrently with Nick, a patient with many similarities to Santa. The two argue…

Want books like Expectations Investing?

Our community of 13,000+ authors has personally recommended 66 books like Expectations Investing.

Browse books like Expectations Investing

Book cover of Investment Banking: Valuation, LBOs, M&A, and IPOs
Book cover of Valuation: Measuring and Managing the Value of Companies
Book cover of Investment Valuation: Tools and Techniques for Determining the Value of any Asset

Share your top 3 reads of 2026!

And get a beautiful page showing off your 3 favorite reads.

186

readers submitted
so far, will you?

šŸ“š If you like Expectations Investing, you might also like...

Book cover of Creativity, Teaching, and Natural Inspiration

Creativity, Teaching, and Natural Inspiration by Mark Doherty,

I have woven numerous delightful and descriptive true life stories, many from my adventures as an outdoorsman and singer songwriter, into my life as a high school English teacher. I think you'll find this work both entertaining as well as informative, and I hope you enjoy the often lighthearted repartee…

Book cover of AcClaim

AcClaim by Jean Thesquare,

AcClaim is a dark, high-society romance about Beatrix Winslow-Hale, a successful romance author who believes desire can be negotiated and controlled—until enigmatic billionaire Dorian Wolker crosses the line between consensual surrender and violation.Ā Publicly humiliated and emotionally shattered, Beatrix turns to Manon de Rochemaure, her fiercely loyal best friend and…

5 book lists we think you will like!