Loading...
Loading...
Menu

While Stocks Last - Reflections on the share buyback debate

9th September 2019

Author: Andrew McNally

 

In US financial and political circles, the virtue of companies buying back their own shares is a subject of hot debate. While Democratic presidential candidates, Elizabeth Warren and Bernie Sanders, say that curtailing them would be a crucial step in reducing inequality and increasing investment, the evidence is far from clear.

When it comes to the stock market, buybacks present investors with a dilemma – at the current rate, logically speaking, the US stock market would have been fully privatised by 2050, leaving investors with no choice but to buy while stocks last.

Read Full Article

Revival of the Fittest Revival of the Fittest 2 Revival of the Fittest Read article Regulating Psychopaths Regulating Psychopaths 2 Regulating Psychopaths Read article Hedonism and the value of money - Part II Hedonism and the value of money - Part II 2 Hedonism and the value of money - Part II Read article A New Maestro? Observations on an important speech by Fed Chairman Powell A New Maestro? Observations on an important speech by Fed Chairman Powell 2 A New Maestro? Observations on an important speech by Fed Chairman Powell Read article Facts not Opinions Facts not Opinions 2 Facts not Opinions Read article  Reckless Prudence - How to break a pension system Reckless Prudence - How to break a pension system 2 Reckless Prudence - How to break a pension system Read article Modern Monetary Theory - The Magic Money Tree Modern Monetary Theory - The Magic Money Tree 2 Modern Monetary Theory - The Magic Money Tree Read article Depressed lobsters and the dividend yield trap Depressed lobsters and the dividend yield trap 2 Depressed lobsters and the dividend yield trap Read article 2016: A Tale of Two Walls 2016: A Tale of Two Walls 2 2016: A Tale of Two Walls Read article Investment Letter - Constant Reformation Investment Letter - Constant Reformation 2 Investment Letter - Constant Reformation Read article In Search of Stability & Growth - If only Europe was more like the US In Search of Stability & Growth - If only Europe was more like the US 2 In Search of Stability & Growth - If only Europe was more like the US Read article Hedonism and the value of money - Part I Hedonism and the value of money - Part I 2 Hedonism and the value of money - Part I Read article Norway Moves to America - Mean reversion and industrial revolutions Norway Moves to America - Mean reversion and industrial revolutions 2 Norway Moves to America - Mean reversion and industrial revolutions Read article Tales of an Astronaut - Lessons from the Unknown Tales of an Astronaut - Lessons from the Unknown 2 Tales of an Astronaut - Lessons from the Unknown Read article Build a company on prudence and trust, not debt Build a company on prudence and trust, not debt 2 Build a company on prudence and trust, not debt View article The Anxiety Machine - The end of the world isn't nigh The Anxiety Machine - The end of the world isn't nigh 2 The Anxiety Machine - The end of the world isn't nigh Read article Meerkats and Market Behaviour - Thoughts on October's stock market fall Meerkats and Market Behaviour - Thoughts on October's stock market fall 2 Meerkats and Market Behaviour - Thoughts on October's stock market fall Read article Monetary Policy on a War Footing Monetary Policy on a War Footing 2 Monetary Policy on a War Footing Read article An Impossible Trinity? An Impossible Trinity? 2 An Impossible Trinity? Read article Hanging the Wrong Contract? Hanging the Wrong Contract? 2 Hanging the Wrong Contract? View article Resilience Fund Resilience Fund 1234577 -2 Resilience Fund

Risk Warning

The value of investments and the income from them can go down as well as up and investors may not get back the amount originally invested and may lose all of their investment. The value of investments in the investment funds contained on this website may be affected by the price of underlying investments. Exchange rate changes may cause the value of overseas investments to rise or fall.

Nothing contained on this website constitutes, and nothing on this website should be construed as, investment advice or a recommendation to buy, sell, hold or otherwise transact in any investment. It is strongly recommended that you seek professional investment advice before making any investment decision.

You should consider whether an investment fits your investment objectives, particular needs and financial situation before making any investment decision. You should also inform yourself and seek advice as to (a) the possible tax consequences, (b) the legal requirements and (c) any foreign exchange restrictions or exchange control requirements which you might encounter under the laws of the countries of your citizenship, residence or domicile and which might be relevant to the subscription, holding, transfer or disposal of interests in any investment fund.

To the extent that this website contains any information regarding the past performance and/or forecast of investment funds, such information is not a reliable indicator of future performance of these investment funds and should not be relied upon as a basis for an investment decision

Equitile Investments Ltd (“Equitile”) offers no guarantee against loss or that investment objectives will be achieved. Please read the Key Investor Information Document, Prospectus and any other offer documents carefully and consult with your own legal, accounting, tax and other advisors in order to independently assess the merits of an investment.

Equitile Investments Ltd is authorised and regulated by the Financial Conduct Authority in the United Kingdom and is a company registered in England, number: 09459099. Registered Office: 2nd Floor, Regis House, 45 King William Street, London EC4R 9AN.

By clicking “Accept” you confirm that you have read and understood the above information.

Accept

Register

Here at Equitile we take your privacy seriously and will only use your personal information to send you monthly fund reports, news and marketing updates regarding Equitile and its funds. If you would like to receive monthly fund reports, news and marketing updates by email please fill out the form below:

Should you no longer wish to hear from us you can let us know at any time and asked to be removed from our database. You can find the details of how we process, store and protect your personal data at http://equitile.com/uploads/equitile-privacy-policy-may-2018.pdf

Register

Thank you for subscribing.