Why Munger Calls EBITDA 'Bullsh*t Earnings'
A founder asked me why we often use a term only a CPA could love as THE metric for deals, and why one of the great investors of our time, Charlie Munger calls that 'Bullsh*t Earnings'. Here's our view of why he's not wrong and why deal pros should keep using that measure anyway.

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6 Secrets to Selling Your Business
Additional insights about selling your business…
If you’re close on valuation but not on deal structure, what’s the smart move? Here’s how to think about cash, earnouts, equity, and getting the terms that actually work for you.
Valuation Isn’t a Guessing Game — Here’s How Comparable Sales Can Help You Set the Right Price
A Guest Podcast by The Valuation Podcast with Kirk Michie & Melissa Gragg
Discover how revenue and EBITDA multiples shape business valuations in M&A. Learn what drives these metrics and how they vary across industries.
Learn the best strategies for timing and managing employee communication during your business sale to ensure a smooth transition and maintain organizational strength.
Discover the power of a data room in your M&A process. Learn how this secure, cloud-based tool streamlines due diligence, protects your business, and ensures a smooth sale.