Mirror, mirror on the wall, which is the best valuation metric of them all?
I think that, every time you saw the word EBITDA [earnings], you should substitute the word “bullshit” earnings. – Charlie Munger
Charlie Munger famously isn’t a fan of EBITDA earnings, but if a new research paper from Columbia Business School is to be believed, investors should not be so quick in disregarding this financial metric.
Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk
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