From: "Gary Britt" 

Well I'm sure glad you're still just a financial planner trainee, because
your summary of what I wrote is inaccurate and your understanding of what I
wrote is apparently not even on the elemental level.

Do yourself a favor and try not to throw any insults around or even comment
on business matters until you've first mastered understanding such things
as return on invested capital and how that affects business owners,
shareholders, and managers expectations with regard to profit levels.  Then
reread what I wrote and try to understand it.  Here's a clue.  I never said
any high volume business will be profitable as you imply below.

Gary

"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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