Expectations Investing
Reading Stock Prices for Better Returns
by Michael J. Mauboussin, Alfred Rappaport · first published 2001
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…get out of the building and collect HUMINT (echoing Valentine more aggressively) like a CIA case officer instead of a nerd in a cube reading the same 10K’s, sell-side research, as everybody else. 8.) Expectations Investing (Mauboussin) is a must read for how to come up with contra-consensus investment ideas and get it right. 9.) Investing: The Last Great Liberal Art is a must read for learning how to incorporate information…
on “Ask HN: What are the must-read books about economics/finance?” ↗Stock prices can be right or wrong. Here’s the interesting question - What should Facebook financials look like to justify its stock price now? You can read “Expectations Investing” to find out the approx “correctness” of $FB current market price.
on “Facebook Is Weaker Than We Knew” ↗Price-implied expectations http://www.amazon.com/Expectations-Investing-Reading-Prices-...
on “Thoughts on Bitcoin” ↗