Worlds richest democrat calls Greed and his ilk…financially illiterate

[raleighherdfan]

Buffett calls stock buyback critics 'economic illiterate' in annual letter
https://www.cnbc.com/2023/02/25/war...are|com.apple.UIKit.activity.CopyToPasteboard

 

[i am herdman]

As if we didn’t know this was the case

check your link

 

[-CarlHungus-]

I’m fine with buy backs…until you come crawling to the government for a bail out when something hits and you have zero cash reserves.

Looking at you, Boeing.

 

[raleighherdfan]

I’m fine with buy backs…until you come crawling to the government for a bail out when something hits and you have zero cash reserves.

Looking at you, Boeing.

That’s always the challenge. How much cash should a company Boeing’s size have sitting on their balance sheet not being used year over year? Definitely a balancing act.

 

[-CarlHungus-]

That’s always the challenge. How much cash should a company Boeing’s size have sitting on their balance sheet not being used year over year? Definitely a balancing act.

Agree, but if you screw up and play it wrong then the government shouldn't be your safety net. I have sympathy to "privatizing gains, public on the hook for losses" sentiment.

Boeing may be special because possible national security/defense implications...but this phenomenon isn't limited to Boeing.

 

[raleighherdfan]

Agree, but if you screw up and play it wrong then the government shouldn't be your safety net. I have sympathy to "privatizing gains, public on the hook for losses" sentiment

agree.