Q: I read an article arguing that return on invested capital is the single most important investing metric. Is that true, especially from a value investor’s standpoint? A: First, let’s start by answering the more basic question: what is return on invested capital (ROIC)? Essentially, ROIC is a measure of how well a company uses its capital to generate profit. The basic formula is net operating profit after tax divided by invested capital (a combination of debt and equity). It

Q: Do you have any recommendations for how to start teaching my kids about investing? What if I myself need to do some self-teaching first – any recommendations there? A: Being able to handle finances skillfully, whether through investing or in other ways, is absolutely a life skill. If kids can learn the right way to invest, save money, and all related skills, they'll be better off in the long term. To start, get them to read the right books. We want age-appropriate works he