Endelig er investorerne i virkeligheden ikke videre interesserede i den regnskabsmæssige indtjening, men derimod i den pengemæssige indtjening, dvs. de pengestrømme, som de opnår gennem deres investeringer.Endvidere burde LECG have sammenlignet de vægtede gennemsnitlige kapitalomkostninger med forrentningen af den investerede kapital og ikke med forrentningen af aktiverne.
Secondly, accounting information is historical information about the company and therefore better adapted to evaluate ex post performance of the firm than ex ante expected performance on the investments. Finally, investors are not really interested in accounting earnings but rather in monetary gains, i.e. the cash flows they receive from their investment.