Munger And Buffett On Stock Buybacks

Stock buybacks I have always been a contentious point for Warren Buffett and Charlie Munger.

Q2 hedge fund letters, conference, scoops etc

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While the duo is not wholly against buybacks, they do believe that the majority of the time, companies are wasting shareholders funds repurchasing stock at high prices.

Buffett and Munger on buybacks

For example, at the 2004 Berkshire Hathaway annual meeting of shareholders, Buffett told the audience that as long as companies have been "honest" with shareholders communicating enough information so that they can estimate...