Four Decades Of Data Show EBITDA Is The Best Valuation Metric

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. [munger] High Yield Is The Best Asset For Low VIX Environment: Goldman The Alternative To Alternative Data For Investment Managers Acquirer’s Multiple & The Quest For Value Published last month, the…