How does working capital in M&A work? It's complicated, but I'll try and explain in 2 minutes. When you make an offer to buy a business, this is normally an 'Enterprise Value.' This means your valuation assumes: - zero cash - zero debt, and -... See more

Potentially 4 of the most important pages @mjmauboussin has written on Return on Capital https://t.co/CEG6LVwcoB

How to analyze a: ▪️Balance Sheet ▪️Income Statement ▪️Cash Flow Statement In less than 5 minutes: https://t.co/rqWu3zPvE7