Berkshire Meeting: Munger: Ebitda Is a 'Horror'
06 Mayo 2017 - 4:01PM
Noticias Dow Jones
Mr. Munger and Mr. Buffett are inveighing against the use of
Ebitda in the business world, or earnings before interest, tax,
depreciation and amortization. Mr. Buffett launches the first
salvo, saying that excluding depreciation is ridiculous. It's a
line of argument he's advanced before.
But Mr. Munger says he hasn't gone far enough.
"You've understated the horrors of the subject and the
disgusting nature of the people who brought that term into the
valuation of business," says Mr. Munger. "Now they use it in the
business schools. That is horror squared."
Click here to see the full live coverage of Warren Buffett at
Berkshire Hathaway's annual meeting:
http://www.wsj.com/livecoverage/berkshire-hathaway-2017-annual-meeting-analysis
Write to Erik Holm at erik.holm@wsj.com
(END) Dow Jones Newswires
May 06, 2017 16:46 ET (20:46 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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