EBITDA Is A Scam | Value Investor TV - Podcast #113

"I don't like when investment bankers talk about EBITDA, which I call bulls shit earnings."  - Charlie Munger


0:00 - Intro
2:15 - What is EBITDA?
8:45 - Let's look at an example
13:40 - Counter argument for using EBITDA
17:30 - Why use EBIT?
20:30 - Counter argument for using EBIT
21:40 - Closing


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