The Invention of EBITDA
One way that first principles thinking fails is when you build your analysis up from a deficient set of base principles. Everything is correct and true, but you still end up mistaken. Here's how that looks like in practice.
The Games People Play With Cash Flow - Commoncog --> This is part of the Capital topic cluster, which belongs to the Business Expertise Triad . Business Thinking , Thinking Better The Games People Play With Cash Flow By Cedric Chin Table of Contents The thought of business school make you go ‘eww’? You’re in good company. 9,000+ investors and operators read Commoncog to sharpen their business acumen ... WITHOUT going back to school. Sign up for our newsletter and get a weekly dose of good business thinking (no BS guaranteed): Subscribe In my last post I examined how first principles thinking f
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