2008-06-26 18:29:33 by
Gunnar Peterson in
1 Raindrop
...shares in companies that had both a high earnings yield and a high return on capital? In other words, what would happen if we decided to only buy shares in good businesses (ones with high returns on capital) but only when they were available at bargain prices (priced to give us a high earnings yield) ? What would happen? Well, I'll tell you...