Episode 280: The End of the Experiment in Unlimited Government
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Exxon's 7% Return on Assets, Domino's 28%, Apple 29%
If the people got their way and the government went in and shut Exxon down, who would fill that place in the market? Probably no one. The right way to think of this is not in terms of how many dollars the company makes, but rather what we call the return on assets. Domino's with its less than $1 billion in profit, 28%. Apple, 29%. And so the moral of that story is, you can't look at all of the money that Exxon's bringing in and say, well, Exxon's the reason we have inflation.
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