Non-operating activities include interest expenses, tax rates, and large non-cash items such as depreciation and amortization. By removing the non-operating effects, EBITDA gives investors the ability to focus on the profitability of their operations.
Thomas Edison once speculated: Genius is one percent inspiration and ninety-nine percent perspiration.
That is not the same as making you an intelligent person, never mind a genius. You can have a very high IQ and be a complete idiot. BR: No! How different could I be from the 97th percentile? I think hard work is what really separates you from others. I donât think you can be a genius without achievement. You know people at the very top work doubly as hard as 90 percent of people in the same profession. Take somebody like Cristiano Ronaldo. He probably works 20 hours more than someone who is outside the top-20 soccer players.