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Buffett swears by share buybacks, calls critics economic illiterates
Warren Buffett that borrowing money is a way of trying to get rich a little faster but there are plenty of ways to get rich slowly and have a lot of fun while getting rich. Share buybacks of US companies have largely been value-accretive to investors. In fact, investors have pointed out that share buybacks through open market route are discriminating among investors of a company. Moreover, they also provide a source of arbitrage in taxation. The tender route offers a fixed price exit for all investors while the open market has no such requisite. Buybacks are perceived as beneficial or detrimental depending on the financial performance of the company. Source -https://www.moneycontrol.com/news/business/markets/buffett-swears-by-share-buybacks-calls-critics-economic-illiterates-10164791.html
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