Mixing annualized numbers with transaction ones. Margin is a single sale. That's 1% Look, I'm just making the point that comparing margins on a sale is a cra

Mixing annualized numbers with transaction ones. Margin is a single sale. That's 1% Look, I'm just making the point that comparing margins on a sale is a crappy way to compare business. It ignores the value you get for each investment dollar. Correct that by annualizing return per dollar. Then you see the relative value of business models e.g. McD's vs grocer store vs shoe store.