Free epub ebooks download Expectations Investing: Reading Stock Prices for Better Returns (English literature)

Expectations Investing: Reading Stock Prices for Better Returns

Expectations Investing: Reading Stock Prices for Better Returns

by Alfred Rappaport, Michael J. Mauboussin

Publisher: Harvard Business Review Press
ISBN: 9781591391272
Pages: 256
Format: pdf, ePub, mobi, fb2
File size: 7 Mb
Date posting: 2021-04-16
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Description

There are plenty of mispriced stocks in the market, but the key to successfully finding them is knowing what to look for. When scouting for mispriced stocks, investors realize that they should be valuing assets according to their discounted future cash flows-but they avoid doing it because of the difficulty of forecasting long-term cash flows. Instead, investors deal with the uncertainty of the future largely by ignoring it, choosing to emphasize suboptimal measures such as current earnings and price-earnings multiples as benchmarks to select stocks. Expectations Investing offers a unique and powerful alternative for identifying value-price gaps. Rappaport and Mauboussin provide ...