OT - Warren Buffett thinks that stock buybacks are "the best use of capital"
https://www.cnbc.com/2018/08/31/warren-buffett-explains-the-enduring-power-of-stock-buybacks.html
Translation:
"Instead of cap ex investing, companies should buyback their own overpriced stock shares with free money from the gov't so that they can sell them at an even higher price to the ignorant greater fool Average Joes in the future when the economy recovers!"
Gaslighting the public at its finest, lol
https://www.cnbc.com/2018/08/31/warren-buffett-explains-the-enduring-power-of-stock-buybacks.html
Translation:
"Instead of cap ex investing, companies should buyback their own overpriced stock shares with free money from the gov't so that they can sell them at an even higher price to the ignorant greater fool Average Joes in the future when the economy recovers!"
Gaslighting the public at its finest, lol
Buffett in particular has always been more careful than others with buybacks - insisting on a low price/book value ratio before actually buying back. But he recently pulled up the minimum threshold, as I'm sure you know.
Buffett's attitude is similar with regards to dividends. "Just sell some," he says.
The guy's biased as an old school cobalt tape, but he is no dummy and does know about value - at least in his old-school stocks and securities realm.
Buffet says buy bitcoin it's better than any derivative
weeeee Better than its derivatives, allright. It's the devil and doomed to fail anyway. We all know 90 year olds really get this new magical internet money tech, don't they?
it's one of my favourite movies, I really recommend watching this low budget ($70,000) movie.
