No. of Recommendations: 18
many years later, either WEB, CAM or ... (don't remember which, but a wise person whose expertise I respect) said in a public forum, almost word-for word: "Y'know, there's only about five things a prudent corporation can do with excess capital..."
If I recall, I think Mr Buffett said something very similar, in the context of describing a phone call he got from Steve Jobs.
For the sake of completeness, I might add:
6) Sit patiently on cash till one of the first five alternatives becomes more attractive, and it's clearer which one is best
Jim
