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.
In addition, many people think that all that extra brainpower leads to eccentric or quirky behavior. And although geniuses are fairly easy to spot, defining exactly what makes one person a genius is a little trickier. Figuring out how that person became a genius is harder still. There are two big things that make it difficult to study genius: