The Five Rules for Successful Stock Investing: Morningstar's Guide to Building Wealth and Winning in the Market
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The Five Rules for Successful Stock Investing: Morningstar's Guide to Building Wealth and Winning in the Market
The Business of Expertise: How Entrepreneurial Experts Convert Insight to Impact + Wealth
David C. Baker • 34 highlights
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Sales ÷ Working Capital. This critical ratio shows the stretch in your working capital. (Working capital is current assets—cash and accounts receivable—minus current liabilities.) Working capital supports sales. With too little working capital, you grow yourself to bankruptcy. Typically, each dollar in working capital supports eight dollars in sale
... See moreJames A. Belasco • Flight of the Buffalo: Soaring to Excellence, Learning to Let Employees Lead
Rather than looking at profit margins—that is, the share of revenues remaining after costs are deducted—he looked at incremental margins, meaning the share of revenue growth that falls to the bottom line as profits. Any amateur could see that the three Chinese portals all had negative margins; put simply, they were losing money. But a pro would kno
... See moreSebastian Mallaby • The Power Law: Venture Capital and the Making of the New Future
Track on a less frequent (semiannual/annual) basis (primarily for the banker): • Current Ratio (Current assets ÷ current liabilities). This short-term solvency ratio tells you (and your banker) whether you have the short-term funds to pay your short-term liabilities. Ratios of 2:1 are considered good. That means there are two dollars in current ass
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