Matt Levine has some food for thought on buybacks: https://www.bloomberg.com/opinion/articles/2019-06-24/would-corporate-america-be-better-without-stock-buyback

Matt Levine has some food for thought on buybacks: https://www.bloomberg.com/opinion/articles/2019-06-24/would-corporate-america-be-better-without-stock-buybacks https://www.bloomberg.com/opinion/articles/2019-06-24/would-... To summarize his article: if you take issue with anything, take issue with the profitability and lack of reinvestment. Don't blame buybacks and dividends because in general, they're an outcome. As Levine says: "But in this story the buybacks are the residual, a result of a focus on profits rather than a cause."