Subject: Re: 2026 and beyond
“ HC,

It took RW quite a while to agree that buybacks were actually a good thing.
“ When a public company announces that it has increased its authorized buyback and raised its dividend does it trade up or down on that news? When the Mag 5 authorized a very small dividend did their stocks trade up or down on that news? I no longer respond to most of the deep thinkers. Thank you.