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Warren Buffett

The head of conglomerate Berkshire Hathaway bought back $8 billion worth of stock last year.

(Photo: AP)

Dusseldorf US President Joe Biden recently criticized them sharply, star investor Warren Buffett has now defended them: We are talking about share buybacks. Handelsblatt calculations show that corporations worldwide will buy back their own shares for a good one trillion dollars in 2022.

Biden and other US Democrats criticize that companies should use their cash to boost long-term growth. Buffett replied in his most recent letter to shareholders: “When you are told that all buybacks hurt shareholders or the country or especially benefit CEOs, you are either listening to an economically illiterate or a silver-tongued demagogue (characters that are not mutually exclusive). “

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