Fool Me Once Or Fool Me All The Time
Martinka Consulting
AUGUST 6, 2018
Zweig writes that any form of modified profit isn’t cash flow. I get the feeling many people, even in my industry, don’t understand the difference between profit, Ebitda, and cash flow. Fifteen years ago, Charlie Munger, Warren Buffett’s business partner, called Ebitda, “bulls*#t earnings. Conclusion.
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