The concept of share repurchases is not particularly complicated. Repurchase programs allow companies to allocate capital toward purchasing its own shares either on public marketplaces or through privately negotiated transactions. Capital allocation is one of the most important recurring functions
Tax The Small Investor Behind The Tree
“Don’t tax you, don’t tax me, tax that fellow behind the tree!” — Senator Russell B. Long “No one should see how laws or sausages are made. To retain respect for sausages and laws, one must not watch them in the
Book Review: University of Berkshire Hathaway
“It can’t possibly be this easy!” A first time attendee of a Berkshire Hathaway annual meeting might find it hard to believe that there could be any skeptics in the crowd. In contrast to the boring, useless, and perfunctory meetings
Book Review: The Man Who Sold America
“The settling of the country, the machine age, the coming of the automobile, telephone, movies, radio, the advances in fine arts and all the sciences, demanded that our capacity to accept and use new ideas be developed to a point
Book Review: Blockchain Revolution
The idea of cutting out the middleman has always been an attractive concept because doing so promises to lower costs and produce potential benefits for both sides of a commercial transaction. However, the role of intermediaries in the economy has