gaap ebitda | BTCC Knowledge

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Charlie Munger, Warren Buffett's partner, famously dislikes EBITDA as a profit measure due to its exclusion of crucial expenses like depreciation and interest. Net Income, Operating Profit, and Gross Income offer more comprehensive views of a company's financial health. EBITDA, a Non-GAAP metric, stands for Earnings Before Interest, Taxes, Depreciation, and Amortization, often used to inflate profits but lacks transparency.

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