J. Hardy wrote:
Ghost of Igloi wrote:
You have never understood the process where companies buyback stock, lowering share count, not investing in the future growth, while the insiders sell back to the public market. Investors like you foolishly believe they have bought something of value.
Actually I understand the process very well. You seem to not understand that buybacks add value to stock thereby being a positive thing for those currently invested. There’s nothing foolish about holding stock that rises in value.
There is nothing wrong with selling a grossly overvalued stock market that is likely to lose over 60%..