3 ms·
Buybacks are equivalent to dividends, but with less taxation.
by rhino369 7y ago
Buybacks are equivalent to dividends, but with less taxation.
- povertyworld 7y agoI don't have a problem with buybacks either. There was a time when Buffet argued to people that holding cash was worth some multiple greater than returning the cash, and he was probably right. I'm just saying that is more indicative of a "warped economy" than a business actually returning money.