Invested: How I Learned to Master My Mind, My Fears, and My Money to Achieve Financial Freedom and Live a More Authentic Life (with a Little Help from Warren Buffett, Charlie Munger, and My Dad)

by Danielle Town

The Lemonade Stand has: $1,000 of equity $1,000 of debt $2,000 total The company made $100 on that money. The ROE is 100 / 1,000 = 10% The ROIC is 100 / (1,000 + 1,000) = 100 / 2,000 = 5%

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