No. of Recommendations: 12
It took RW quite a while to agree that buybacks were actually a good thing.
But this isn't true. It's not [always] a good thing, and it's never the best thing. The best thing is to find good companies that are valued fairly and that you think will go up nicely over time ... and to buy them (the entire company or shares in the company). If there is nothing at all out there to buy, then perhaps, just perhaps, it might be "good" to do a buyback. But again, only if the valuation at the time of the buyback makes sense. If it doesn't make sense, then it isn't a "good thing" to do.
