The Oracle of Omaha, Warren Buffett, has come out in support of share buybacks in a big way. In his annual letter to the shareholder of Berkshire Hathaway, the market veteran called the critics of share buyback “economic illiterates” and “silver-tongued demagogues”. But what caused Buffett to defend share buybacks so ferociously? There are some questions on whether share buybacks are good for the economy and if the execution of these buybacks is done in a fair manner. So let’s decode the debate around share buyback and what SEBI is doing to make the process fair for the retail investor.
first published: Mar 10, 2023 05:17 pm