And speaking of dogma, if the stock market at large isn’t correctly valuing a company, thus requiring its CEO to step in and correct that mistake by spending billions on stock purchases, doesn’t that cast doubt on our absolute faith in the efficient free market? In this way, massive stock buybacks are like the capitalist version of Christians who shake and scream to prove that the holy spirit is real and inhabiting them. But if you sincerely think the market is undervaluing your stock because investors just don’t get your amazing company, then why not buy all of your shares back and go
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