So much reference to EBITDA in their report and briefing.
Here’s a key take away from Warren Buffet’s most recent letter to Berkshire’s shareholders.
Don't mention EBITDA:
"Berkshire's strength comes from its Niagara of diverse earning delivered after interest costs, taxes and substantial changes for depreciation and amortisation ("EBITDA" is a banned measurement at Berkshire).”
Ann: Appen 2023 Full Year Results & 2024 Outlook, page-50
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