Thank you James!! I was reading Buffett's Annual Letters and couldn't understand the part where $1 of additional capital contributed in See's created more than $3 of nominal value. Your writing is easy to understand. The connection(latticework) made with negative working capital, and software companies's expensing R&D cost and resultant increase in invested capital is admirable.
Thank you James!! I was reading Buffett's Annual Letters and couldn't understand the part where $1 of additional capital contributed in See's created more than $3 of nominal value. Your writing is easy to understand. The connection(latticework) made with negative working capital, and software companies's expensing R&D cost and resultant increase in invested capital is admirable.
thank you for your kind words
Awesome post, and enjoyed the accounting comparison to Lifco
Thanks for your kind words. Feel free to 'restack' it and share it with others. I am trying to grow this investment community.