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| subject: | Re: CAT gets some teeth |
From: "Robert G Lewis"
I hate to say this but IIRC Gary is / was an accountant ( and I think CPA )
before he became a lawyer
"Bill Lucy" wrote in message
news:MPG.1e08ba107f773823989772{at}news.barkto.com...
> In article , email{at}from_Gary_Britt.org says...
>> Grocery stores have very low
>> margins that's true, but they make a profit because of the large volume
>> of
>> business they do in relationship to the required investment of capital.
>> The
>> oil business on the other hand is several orders of magnitude higher in
>> terms of the required investment of capital.
>
> I am surely glad you are not an accountant. You seem to have no
> understanding of the underlying nature of business. That you attempt to
> attach "investment in capital" with profit as if that were
the point is
> like saying that high volume will always make you money -- they just
> don't equate.
>
> I won't try to give you a lesson in capital assets. I'm afraid it would
> be futile.
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