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“With buybacks, a CEO is making a rather incredible statement. She's saying: the market is wrong. It's valuing our company so incorrectly, and clearly has so little idea where we are heading that we're going to spend the company's precious cash on a bet that they're wrong.” — Ryan Holiday
With buybacks, a CEO is making a rather incredible statement. She's saying: the market is wrong. It's valuing our company so incorrectly, and clearly has so little idea where we are heading that we're going to spend the company's precious cash on a bet that they're wrong.