Quote Originally Posted by winner69 View Post
Good article

https://www.stuff.co.nz/business/101...in-wealth-loss

Not many analysts / investors worry about measuring profits over the cost of capital leaving it to academics and real finance analysts

EVA (economic Value Added) is worthwhile understanding even if it leads to knowing that MVA is the NPV of future Economic Profit. MVA being Market Value Added and is the difference between a company’s Market Cap and Shareholder Equity. Cool eh

Quite interesting as one person wrote.

“I worked for Fletchers three times for the total of 25 years .And I never thought the day would come that Fletchers would end up in a mess that it is wright now . One board member said to me once that? To many Suites have got control of Fletchers ( meaning accountants) And he could see the downward slide of the company coming soon. He said that 20 years back .Sir James won't be turning he will be spinning.”

The accountants I have met or invested in have been great at keeping the books in check, but could not run a business to save themselves only the ones I’ve met