Importance of ROIC Part 3: Compounding and Reinvestment
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“We prefer businesses that drown in cash. An example of a different business is construction equipment. You work hard all year and there is your profit sitting in the yard. We avoid businesses like that. We prefer those that can write us a check at the end of the year.”
Importance of ROIC Part 3: Compounding and Reinvestment
Importance of ROIC Part 3: Compounding and…
Importance of ROIC Part 3: Compounding and Reinvestment
“We prefer businesses that drown in cash. An example of a different business is construction equipment. You work hard all year and there is your profit sitting in the yard. We avoid businesses like that. We prefer those that can write us a check at the end of the year.”