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Charlie Munger calls EBITDA earnings “bullshit earnings”
by halotrope 4y ago
Charlie Munger calls EBITDA earnings “bullshit earnings”
- frankfrankfrank 4y agoBecause they are, as is clear to anyone not on the tech sauce. It’s the “I’m a loyal and faithful partner; minus the cheating, lying, deceiving, and gaslighting” of financials.
- shawabawa3 4y agoI always took EBIDTA to be "theoretical best case" earnings, i.e. our business model could theoretically be profitable if we could just magically pay off all our debt and upgrade all of our equipment for free Sure that doesn't mean much, but it's better than losing more money on every additional dollar of revenue which seems to be some company's model