The debate over stock buybacks

<p>A couple of days ago, legendary investor Warren Buffett published his <a href="https://www.berkshirehathaway.com/letters/2022ltr.pdf" rel="noopener">annual letter</a>. And he showered praise on stock buybacks. On the other hand, just a month ago, President Joe Biden criticized companies that indulged in the practice. He wanted to tax buybacks heavily.</p> <p>So in today’s episode for 1st March 2023, we explain why stock buybacks are such a contentious issue.</p>