From: "Gary Britt" 

Yes a CPA many years ago (still a CPA technically).  I passed the exam on
my first try, which is something only the top 4% in the entire country did
that year, but hey I never took some financial planner insurance salesman
correspondence courses to make me an expert in analyzing financial
statements.

Gary

"Robert G Lewis"  wrote in message
news:439efe96{at}w3.nls.net...
> 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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