Podcast
Acquired
It was initially released in 2001, shortly after 9/11 and during a tough bear market. It has since been revised in 2021 and explores reverse engineering asset prices to understand market expectations.
The idea is to say a stock price or it could really be any asset price, a price of an asset, but let's say a stock price reflects a set of expectations about future financial performance.
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It was initially released in 2001, shortly after 9/11 and during a tough bear market. It has since been revised in 2021 and explores reverse engineering asset prices to understand market expectations.
The idea is to say a stock price or it could really be any asset price, a price of an asset, but let's say a stock price reflects a set of expectations about future financial performance.
The second step is to say, let's introduce strategic and financial analysis to judge whether that set of expectations is too optimistic, too pessimistic or about right.
But the core idea is just basically say, what do I have to believe? Is the company going to do what the market believes it's going to do? And then let me make decisions as a consequence.
The book came out September 10th, 2001.
So we put this back together, but I went to Alan said, let's would you like to work on that? And he he agreed. He's now in his late 80s.