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Not alone. Indeed Charlie Munger straightforwardly refers to EBITDA as a bullshit earnings metric. “I don’t like when investment bankers talk about EBITDA, whi
by Reedx 7y ago
Not alone. Indeed Charlie Munger straightforwardly refers to EBITDA as a bullshit earnings metric.
“I don’t like when investment bankers talk about EBITDA, which I call bulls--- earnings”
“Think of the basic intellectual dishonesty that comes when you start talking about adjusted EBITDA. You’re almost announcing you’re a flake.”