Michael Mauboussin and Matt Christensen’s paths first crossed over two decades ago, just before the first edition of Expectations Investing: Reading Stock Prices for Better Returns, co-authored by Michael and Alfred Rappaport, was published. In this episode, Michael and Matt discuss the revised and updated edition of the book, which came out in 2021 and reflects the many changes that have occurred in the business landscape over the last twenty years, along with a number of related topics. From capital markets to metrics; from team building to cognitive diversity; from the ramifications of game theory to consilience; and from disruption as a business model problem to the creation of long-term shareholder value, this thoughtful and engaging conversation is impressive in both its depth and breadth!