It is not whether you are right or wrong that’s important, but how much money you make when you’re right and how much you lose when you’re wrong.- Stanley Druckenmiller
First discussed here:http://wp.me/p1PgpH-v0
Greenblatt’s discussion of ROIC plus www.fool.com’s series of articles on ROIC so you can understand different approaches.
For beginners or those who need a refresher, a Khan Academy Video on return on capital:
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