Subject: Re: Buybacks have begun
Mmm, yeah. It's a vote of confidence. But also virtue signalling.

I agree! If you really wanted to buy back lots of stock while it was undervalued, why would you announce you are buying back stock?

It sounds crazy to say this, but it's almost like he was upset the stock fell after his first letter as CEO, and wanted to boost it back up. That can't be the reason, hopefully.