Category: EBITDA


The Evils of EBITDA?

Last week, I wrote about Warren Buffett’s 2013 letter to the Berkshire Hathaway shareholders. And I was particularly entertained by the following: “Every dime of depreciation expense we report, however, is a real cost. And that’s true at almost all other companies as well. When Wall Streeters tout EBITDA as a valuation guide, button your […]

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