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24/06/16
12:38
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Originally posted by MarsC
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"So there you go. The market will pay me 40c in the dollar, to own a business that is in rude financial health, and that generates an extraordinary return on its capital."
Actually, what am I saying? It's much better than that. The market will pay me $2.40 in the dollar, for the privilege of owning the business. I pay $1, I get back $2.40, and then I have a part ownership of the business. Or said differently, I will be getting paid $10k, for the privilege of owning 0.1% of the business.
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Oh dear, perhaps I need another coffee... Or perhaps I'm just checking to see if anyone is paying attention
Here is what I should have said:
"Or said differently, I will be getting paid $15k , for the privilege of owning 0.1% of the business."
I think....
Last edited by
MarsC :
24/06/16