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	<title>Comments on: Graham vs. Greenblatt (Session 3) Return on Capital</title>
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	<description>Price is What you Pay Value is What you Get</description>
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		<title>By: Anonymous</title>
		<link>http://buyingvalue.com/2008/12/graham-vs-greenblatt-session-3-return-on-capital/comment-page-1/#comment-28</link>
		<dc:creator>Anonymous</dc:creator>
		<pubDate>Tue, 03 Feb 2009 15:34:00 +0000</pubDate>
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		<description>The denominator of the formula is &quot;Net Working Capital + Net Fixed Assets&quot;, not &quot;Net Worth Capital...&quot;. Big difference. &lt;br/&gt;Otherwise, great post.</description>
		<content:encoded><![CDATA[<p>The denominator of the formula is &#8220;Net Working Capital + Net Fixed Assets&#8221;, not &#8220;Net Worth Capital&#8230;&#8221;. Big difference. <br />Otherwise, great post.</p>
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		<title>By: Anonymous</title>
		<link>http://buyingvalue.com/2008/12/graham-vs-greenblatt-session-3-return-on-capital/comment-page-1/#comment-29</link>
		<dc:creator>Anonymous</dc:creator>
		<pubDate>Tue, 03 Feb 2009 15:34:00 +0000</pubDate>
		<guid isPermaLink="false">http://tobylang.wordpress.com/2008/12/17/graham-vs-greenblatt-session-3-return-on-capital/#comment-29</guid>
		<description>The denominator of the formula is &quot;Net Working Capital + Net Fixed Assets&quot;, not &quot;Net Worth Capital...&quot;. Big difference. &lt;br/&gt;Otherwise, great post.</description>
		<content:encoded><![CDATA[<p>The denominator of the formula is &#8220;Net Working Capital + Net Fixed Assets&#8221;, not &#8220;Net Worth Capital&#8230;&#8221;. Big difference. <br />Otherwise, great post.</p>
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