Earnings before expenses

~ Dan Ramsden

They say that cash is fact…

…and profit is opinion.

It’s good to see the attempt sometimes

at something that resembles both.

(A positive number nonetheless, even if the term seems like the name of a new product.)

For future generations, for posterity,

a primer on the nomenclature of the past may one day be helpful…

[It started as an acronym, you know, before turning proper from common use.]

Published by Dan Ramsden

Finance, strategy, markets in the network economy.