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15155
32 days ago
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Warren Buffett Steps Down as Berkshire Chairman, N...
Why would I want someone creating taxable events for me? Under the current tax regime, buybacks are vastly superior.
intuitionist
32 days ago
[–]
As long as you have an accurate sense of the intrinsic value of your shares at any given time; there is a price at which buybacks destroy more value for continuing shareholders than they would lose to taxes on dividends.
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