Billionaire Investor: Democrats’ Plan to Tax Stock Buybacks is ‘Literally Insane’, Wealth Advisor, Nov. 5, 2021:

Companies frequently return extra cash to shareholders through dividends and stock buybacks. Wall Street loves buybacks because they simultaneously boost demand for shares and limit supply. They also inflate per-share profits, a key metric that drives stock prices. Added bonus: Buybacks can be turned on and off more easily than dividends.

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Yet the Oracle of Omaha is a big believer in buybacks — done at the right price — because they shrink the number of outstanding shares, allowing investors to own bigger pieces of companies.