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.
Based on research suggesting that practice is the essence of genius, best-selling author Malcolm Gladwell popularized the idea that 10,000 hours of appropriately guided practice was âthe magic number of greatness,â regardless of a personâs natural aptitude.