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Prove it. No, seriously, that's my argument: prove it, for any given buyback. It's not obvious! Let's pick, totally arbitrarily (I searched "stock buybacks 20

Prove it. No, seriously, that's my argument: prove it, for any given buyback. It's not obvious! Let's pick, totally arbitrarily (I searched "stock buybacks 2016" and this is one of the first things that came up), Disney's 2016 buybacks, totalling $7.5B. Let's say I owned 100 shares of DIS from 2010 to 2019. Make an argument for me that those specific buybacks increased my wealth. (Hopefully by about the per-share value of the buyback, as a dividend would have.) I don't think it's obvious, even if it's true. Which is the problem. The opacity leads to skepticism leads to polemics.

rdtsc 2y ago
> Disney's 2016 buybacks, totalling $7.5B. > Make an argument for me that those specific buybacks increased my wealth. Ok, I see November 25, 2016. https://www.nasdaq.com/articles/disney-stock-history-will-shares-regain-their-magic-2016-11-25 https://www.nasdaq.com/articles/disney-stock-history-will-sh... The "Fool" says DIS is buying back its stock. On November 25 the stock price was $97, 3 months later it was $105. You could have made $800 by selling 3 months later.