Quotes from Phil Town

even supposing knowledge to be easily attainable, more people would be content to be ignorant than would take even a little trouble to acquire it.

Return on investment capital (ROIC) is the rate of return a business makes on the cash it invests in itself every year.

If you were to ask me which of the Big Five is the most important number, I'd tell you to go to ROIC first. If a business doesn't have a healthy ROIC—above 10 percent per year on average for the last ten years—move on to another business.

Get knocked down seven times. Get up eight times. —JAPANESE PROVERB

Yeah! American Classic Voyages, Carnival Corporation, Royal Caribbean, and Vail Resorts seem like they might be in the ballpark. But there are also other interesting companies on the list: Blockbuster is where I get videos;