Return on Equity

Only five ways to increase ROE:

(1) increase turnover
(2) cheaper leverage
(3) more leverage
(4) lower income taxes
(5) wider operating margins.

Warren Buffett has a talent at diluting important things down to their fundamentals.

February 3 segment on entrepreneurship – CFAX 1070

Today Ian and I talked tourism and franchises. Tune in at the link below and fast forward to about 32 minutes in for the 1/2 hours segment.

http://www.cfax1070.com/Media/CFAX-Podcasts/Ian-Jessop/February-3-2014-2pm