This will be just a brief post with a comment that I thought might interest other members, so I turned it into a post (and added a few new comments of my own toward the end).

I thought other members might be interested in this comment that “friedm” made on one of the investment theory posts. I’d recommend reading the post for a complete view of this topic, but I’ll repost the two comments here, and then add a few relevant pieces of research on ROIC at the end of the post.

Here is the comme...


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