Just in case readers would like the formulas in a simple spreadsheet, I posted it as a download from my server: http://www.nosnivelling.com/Paul http://www.nos

Just in case readers would like the formulas in a simple spreadsheet, I posted it as a download from my server: http://www.nosnivelling.com/Paul http://www.nosnivelling.com/Paul Graham equity formulas.xls