EBITDA - The metric that broke my heart | Andrew Brown

In this episode I chat with Andrew Brown from East72 Holdings to debunk some financial metrics.

We look at discounted cash flow (DCF) valuations, a metric often authoritatively trumpeted by analysts. Andrew argues that DCF is useless for valuing most companies: it's based on unfounded assumptions and crystal-balling and can be manipulated to fit any narrative.

Then there's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). Andrew agrees with Charlie Munger's assessment (bullshit!).

Blog post available at: https://www.sharesforbeginners.com/blog/ebitda-andrew-brown

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