Subject: Re: From the letter
Buffett on stock buybacks:
When you are told that all repurchases are harmful to shareholders or to the country, or particularly beneficial to CEOs, you are listening to either an economic illiterate or a silver-tongued demagogue (characters that are not mutually exclusive)."

Savage

Someone call Bernie Sanders and Elizabeth Warren please.




Hell, call any random person their party, for that matter. Nice to hear Buffett's inner Munger, once in a while, and it's always nice to hear honest people criticize the craziness in their own political circle (works for both sides, of course.)

Fortunately, 1% is not enough to stop the buybacks from resuming:

https://twitter.com/wabuffo/st...