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	<title>BuyingValue.com &#187; EBITDA</title>
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		<title>Munger on EBITDA</title>
		<link>http://buyingvalue.com/2009/05/munger-on-ebitda/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=munger-on-ebitda</link>
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		<pubDate>Fri, 15 May 2009 22:30:28 +0000</pubDate>
		<dc:creator>value investor</dc:creator>
				<category><![CDATA[Stock Analysis]]></category>
		<category><![CDATA[Berkshire Hathaway]]></category>
		<category><![CDATA[Charlie Munger]]></category>
		<category><![CDATA[Depreciation]]></category>
		<category><![CDATA[Earnings Before Taxes]]></category>
		<category><![CDATA[EBITDA]]></category>
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		<description><![CDATA[This article originally appeared on The DIV-Net May 9 2009. Charlie Munger though a pioneer in value investing and the four filters is a fairly raw character and has a way of getting to the point in a sometimes abrupt manner. Charlie did just this when he referred to EBITDA as &#8220;bullsh*t earnings&#8221; at the [...]]]></description>
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