Subject: Re: Say it isn’t So
I don't know if I'm ready yet for a dividend, but in a world where neither acquisitions nor repurchases are attractive over a sustained multi-year period, I think it's poor thinking to dismiss the idea out of hand and I certainly hope that Buffett isn't assessing dividend policy based on his own personal circumstances as opposed to the interests of the shareholders at large.


Perhaps, but the situation where both acquisitions and repurchases are unattractive can't remain true forever. If it were true, it would mean it is impossible forever to productively deploy capital.