stock buybacks

“When I hear about a management team's buying back stock to offset dilution, it almost gives me an aneurysm and I want to reach through the phone or across the table and choke someone.”

“There was a view that corporate managers liked to spend money inefficiently and to aggrandize themselves and build empires, and so, like, there's this wave of conglomeration where, like, managers were like, oh, look, we have money. We should buy some more stuf…”