Earnings and EBITDA do not matter without cash generation
Sam Zell · Sam Zell – Common Sense and Uncommon Profits (Capital Allocators, EP.253) · Jun 6, 2022 · at 49:26
Real estate and private equity investor Sam Zell explains why focusing on EBITDA rather than actual cash is a major investment pet peeve.
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“I think the other thing is the focus on earnings, EBITDA, and not the focus on cash. Cash is king. You can have great numbers and great stories, but if you can't produce the cash, it doesn't matter.”
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