Practical Lessons from Michael Mauboussin
Two Quants and a Financial Planner
00:00
Understanding Expectation Investing
This chapter introduces the concept of expectation investing, highlighting a three-step process for evaluating stock prices based on embedded expectations. It discusses the importance of analyzing a company's ability to meet these expectations, alongside the relevance of historical and future projections in investment strategies. The chapter also contrasts modern investment dynamics with historical practices, emphasizing the significance of both tangible and intangible assets in today's market landscape.
Transcript
Play full episode
