EBITDA โ Bullsh*t Earnings?
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EBITD-ahhh, that's what it is!
Last week, at a well-known franchising convention, I saw a person wearing a hat with "EBITDA" stitched on it and had to have one of my own.
Charlie Munger famously called EBITDA "bullsh*t earnings" (I don't completely agree with this). So it had me thinking about...