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Earlier this morning for some reason Youtube recommended a video that was funny and relevant, called Charlie Munger: 'Every time you hear 'EBITDA' substitute it
by justin66 4y ago
Earlier this morning for some reason Youtube recommended a video that was funny and relevant, called Charlie Munger: 'Every time you hear 'EBITDA' substitute it with 'bull** earnings''
https://www.youtube.com/watch?v=l82kIjqBtqw https://www.youtube.com/watch?v=l82kIjqBtqw
- jrvarela56 4y agoHaha I see your appeal to authority and raise you another: besides Malone (billionaire) the other famous example for EBIDTA is Jeff Bezos (and many others I'm sure). Jeff Bezos was always criticized because Amazon was 'unprofitable'. He was just playing a similar strategy to Malone's and mocked journalists who didn't understand what he was up to.
- lamontcg 4y agoBezos was all about free cash flow.
- jrvarela56 4y agoSo was Malone, the point is to maximize cashflow but minimize profits to avoid taxes and compound the growth.
- credit_guy 4y agoIf you care about EBITDA at all, then you must watch the "why have you not sold the bonds yet" video https://vimeo.com/20109796 https://vimeo.com/20109796