, which is short for earnings before interest, taxes, depreciation, and amortization. It's a common metric that companies such as Uber use when reporting quarterly and annual earnings.
Munger also thinks investors today are taking too much risk, and highlighted China as part of the problem, saying,"It's hard to imagine anything dumber than the way the Chinese hold stocks," according to CNBC. In addition, the 96-year-old investor said he's worried that the innovation seen in his lifetime could slow, according to the report.
Let's remember folks the two important things to look for in the Dow... The PE ratio and the market cap.
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