20min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP332: Long-Term Investing w/ Tom Gayner

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

Understanding EBITDA and Business Integrity

This chapter explores the intricacies of EBITDA as a key financial metric and its varying interpretations in business evaluations. It emphasizes the importance of management integrity in shaping company performance and the impact of financing structures on decision-making. Additionally, the chapter advocates for a long-term investment philosophy that focuses on fundamental business health, using case studies to illustrate these concepts amid macroeconomic challenges.

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