Alfred Rappaport

Professor emeritus at the Kellogg School of Management, Northwestern University; originated shareholder value analysis.

Creating Shareholder Value demonstrated that reported earnings and accounting growth do not measure value creation, and identified the cash flow drivers that do - a framework corporate finance departments still run on. Expectations Investing, written with Michael Mauboussin, inverts the exercise: read the expectations already priced into a stock, then judge whether the business can beat them.

3 books of their own