Originally Posted by
DeltaboundRedux
A less polemic take would be to suggest that compaines with too much $$$ on hand have run out of ideas for what to do with it.
Apple comes to mind.
OTOH: Buffett is sitting on a cripe ton of cash.
the smartest investor ever apparently never saw a need to buy back stock. simply put, the practice was created to goose stock prices and enrich primarily those at the top.