Data Update 7 for 2023: Dividends, Buybacks and Cash Flows
Musings on Markets
MARCH 8, 2023
This is the last of my data update posts for 2023, and in this one, I will focus on dividends and buybacks, perhaps the most most misunderstood and misplayed element of corporate finance. They are both wrong, since buybacks can only redistribute value, not create it.
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