Facebook
Facebook
Twitter
Twitter
LinkedIn
LinkedIn
Email
Email
0 Comments
Comments
And so on. Accounting, and its handmaiden profitability, are metaphors, a form of virtual reality. No one, including investors and the IRS, believes accounting profits or book values except when it's expedient, convenient or self-serving to do so. In computing a price-earnings ratio to value a business, what, for example, are "trailing earnings" compared with "profitability?" What does that "EBITDA" gibberish mean when looking at price earnings multiples? It means stripping away some of the opinion assumptions of "profit."
0 Comments
View Comments
Related Content
Comments