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Strategies & Market Trends : Value Investing

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To: S. maltophilia who wrote (78071)9/10/2025 6:57:47 PM
From: Madharry1 Recommendation

Recommended By
S. maltophilia

   of 78486
 
I think Munger might have discussed this in generalities. company had a good year and generates lot of cash . management now thinks they are geniuses and its an opportune to buy back shares since they have excess . then the company has a bad year and the stock tanks but now they have no money to repurchase shares at much lower prices.
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