Charlie Munger Investing Advice: Why I Hated EBITDA?

Transcript

Every time I see the word EBITDA, I think here comes another salesman trying to polish a turd. You can dress it up, give it four fancy letters, maybe even print it in bold and an investor deck, but it's still nonsense. People say it stands for earnings before interest, taxes, depreciation, and amortization. To me, it stands for earnings before I tr... Read More