Buying High: Beware Of Buybacks by Cook & Bynum
Buybacks continue to accelerate despite higher valuations. On balance, these capital allocation decisions will prove to be destructive to shareholder value as management teams “buy high.”
Buybacks continue to accelerate despite higher valuations. On balance, these capital allocation decisions will prove to be destructive to shareholder value as management teams “buy high.”
Bitcoin broke its way higher while the US markets, including the S&P 500, are down. Bitcoin was strongly correlated to the top US indices. Some assumed that the spot Bitcoin...
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