| Charlie Munger & Warren Buffett discuss the dangers of the financial metric EBITDA. Munger and Buffett identify EBITDA as a way management reports financial results inaccurately and can be used to manipulate shareholders. Subscribe to The Investor Center for content focused on investing, stocks, entrepreneurship, and passive income. Interviews feature the best business minds in the world including Warren Buffett, Charlie Munger, Howard Marks, Peter Lynch, and Ray Dalio. https://www.youtube.com/channel/UC2cL3pI1H3tiozKif6A8fmA Warren Buffett Reading List: The Intelligent Investor - https://amzn.to/31603ld The Warren Buffett Way - https://amzn.to/3esAApY Common Stocks and Uncommon Profits - https://amzn.to/3hPtZb2 The Outsiders - https://amzn.to/315rZFJ Business Adventures - https://amzn.to/2BwKKqI Where are the Customers’ Yachts? - https://amzn.to/3fNNWxg The Little Book of Common Sense Investing - https://amzn.to/2YXQban (The above are affiliate links that help support the channel at absolutely zero cost to you.) OTHER VIDEOS YOU MAY LIKE: ▪️Warren Buffett & Charlie Munger Describe Their Investment Strategy: https://www.youtube.com/watch?v=DY0gngQOGtE ▪️Bill Ackman Asks Warren Buffett & Charlie Munger About Stock Buybacks: https://www.youtube.com/watch?v=DY0gngQOGtE ▪️7 Best Questions at the 2020 Berkshire Hathaway Annual Meeting: https://www.youtube.com/watch?v=A5lQbkqlJro |
Charles Thomas Munger (born January 1, 1924) is an American investor, businessman, former real estate attorney, architectural designer, and philanthropist. He is vice chairman of Berkshire Hathaway, the conglomerate controlled by Warren Buffett; Buffett has described Munger as his partner. Munger served as chairman of Wesco Financial Corporation from 1984 through 2011. He is also chairman of the Daily Journal Corporation, based in Los Angeles, California, and a director of Costco Wholesale Corporation.
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