Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
"....why today's buyback boom is an economic distortion created by the Federal Reserve's excessively accommodative monetary policy."
Nahhhhhhhhhhh...lol. If it is, hopefully companies will handle things better than Michael Kors has, losing hundreds of millions recently after buying back quite a bit and then having the stock get obliterated.
", others, including my colleague Larry Fink, have argued that some companies today are focusing on maximizing short-term shareholder value at the expense of investing in the future."
You don't say? I mean, focusing nearly everything on buying back stock rather than putting any thought towards the future is going to end well, right? Right? (crickets.)
"In my opinion, today’s boom is just one economic distortion created by the Federal Reserve (Fed)’s excessively accommodative monetary policy."
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Nahhhhhhhhhhh...lol. If it is, hopefully companies will handle things better than Michael Kors has, losing hundreds of millions recently after buying back quite a bit and then having the stock get obliterated.
", others, including my colleague Larry Fink, have argued that some companies today are focusing on maximizing short-term shareholder value at the expense of investing in the future."
You don't say? I mean, focusing nearly everything on buying back stock rather than putting any thought towards the future is going to end well, right? Right? (crickets.)
"In my opinion, today’s boom is just one economic distortion created by the Federal Reserve (Fed)’s excessively accommodative monetary policy."