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4min chapter
#186 Tom Gayner: Invest Like The Best
The Knowledge Project with Shane Parrish
Navigating the Complexities of EBITDA in Financial Analysis
This chapter examines the relevance of EBITDA as a financial metric, likening it to a partial map of a company's financial landscape. It underscores the necessity for investors to grasp the metric's limitations, particularly in capital-heavy sectors, to enhance their investment strategies.
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