The Berkshire Hathaway CEO says economic illiterates and silver-tongued demagogues oppose all stock buybacks
President Joe Biden devoted part of his State of the Union to decrying stock buybacks, a practice he often rails against.
Warren... President Joe Biden devoted part of his State of the Union to decrying stock buybacks, a practice he often rails against. Warren Buffett, who campaigned with Hillary Clinton and, according to his assistant, voted for Biden, made an impassioned defense of stock buybacks in his annual Berkshire Hathaway letter to shareholders.
“The math isn’t complicated: When the share count goes down, your interest in our many businesses goes up. Every small bit helps if repurchases are made at value-accretive prices,” he said. Granted, he allowed, a company can overpay for repurchases, to the detriment of continuing shareholders.“Imagine, if you will, three fully-informed shareholders of a local auto dealership, one of whom manages the business.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Warren Buffett slams critics of stock buybacks after Democrats' scrutiny: 'Economic illiterate'Billionaire Warren Buffett, chairman and CEO of Berkshire Hathaway, pushed back on opponents of corporate stock buybacks in his annual letter to shareholders.
Baca lebih lajut »
Warren Buffett’s Berkshire Hathaway Posts Big 2022 Loss in Rocky MarketWarren Buffett retained his sense of optimism in his annual letter to investors Saturday, saying he attributes much of his success over the years to the resilience of the U.S. economy.
Baca lebih lajut »
Warren Buffett touts key bets, defends taxes, buybacks in annual letterWarren Buffett touts his iconic Coca-Cola and American Express bets in his annual letter - and trashes managers who manipulate earnings
Baca lebih lajut »
Warren Buffett, in annual letter, stays upbeat and preaches patienceBillionaire investor Warren Buffett on Saturday signaled he has lost none of his enduring confidence in the U.S. economy and his company Berkshire Hathaway Inc .
Baca lebih lajut »
Warren Buffett’s Berkshire posts 8% drop in operating earnings as railroad business sagsBerkshire Hathaway’s operating earnings declined 8% in the fourth quarter to $6.7 billion after taxes, hurt by railroads and a decline in the U.S. dollar.
Baca lebih lajut »