Can anyone explain this concept to me?
I tried the search function for the CFAi books but it didn’t come up, yet I have it on my list of things to look at?
Can anyone explain this concept to me?
I tried the search function for the CFAi books but it didn’t come up, yet I have it on my list of things to look at?
It’s simply cash recieved divided by cash invested. It’s a very very simple way of measuring returns quickly (similar to simple interest), don’t think it’s overly useful unless cash returns are important (and constant).