In the last 12 months S&P 500 companies have repurchased $517 billon of their own stocks. Simply put the process of share buybacks destroys value in most of the cases, not always.
We discuss how much do companies spend on buying back their own stocks and how does that affect their book value.
There has been much talk in recent years about disruption and trying to pick companies that will disrupt their industries. The debate continued at the Morningstar Investment Conference as Bill Nygren of Oakmark Funds faced off with Morgan Stanley's Dennis Lynch. Q2 2021 hedge fund letters, conferences and more Persistence Morningstar's Katie Reichart moderated the Read More