With the Q1 results season in full swing, many investors are magnifying on the earnings print to find how their portfolio will be impacted. However legendary investors Warren Buffett and Charlie Munger hated one such widely followed earnings metric, EBITDA, with the latter once calling it 'bullsh*t'.
EBITDA, which stands for earnings before interest, tax, depreciation and amortisation, is used to provide insights into a company’s profitability, excluding the impact of financing costs, tax obligations and non-cash expenses like depreciation and amortisation.
