Remove 2025 Remove Net Present Value Remove Start-ups
article thumbnail

Data Update 9 for 2025: Dividends and Buybacks - Inertia and Me-tooism!

Musings on Markets

In my ninth (and last) data post for 2025, I look at cash returned by businesses across the world, looking at both the magnitude and the form of that return. I start with a framework for thinking about how much cash a business can return to its owners, and then argue that, in the real world, this decision is skewed by inertia and me-tooism.