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by matt4077
2737 days ago
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> I guess you assumed I was arguing that companies who do buybacks must dump all of their money No, wrong again. People take issue with your representation of stock buybacks as "short-term market manipulation". The major effect of buybacks comes not (just) from the increase in demand, but from lowering the denominator future profits are divided by. It directly increases earnings per share. |
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I never said companies must spend all their money on stock buybacks, yet that argument is being used to paint me like an idiot.
I never said every company who does buybacks is doing it to manipulate the market, yet that argument is being used to paint me like an idiot.
I never said anything about dividends or profits or ownership, in fact I literally said I'm just criticizing companies who do buybacks in order to increase their share price during a down market, yet the argument that "not everyone who does buybacks is manipulating the market" keeps getting thrown at me like that thought has never crossed my mind. I know you think I'm an idiot but I did say words that have meaning and I used those words intentionally to convey the exact meaning that society has agreed those words are supposed to mean. It is not my fault you intentionally choose to ignore those words and their meaning.
I've had enough of it. Either read my words then comment or don't comment at all. I'm sick of this, defending my comments against people who only have bad faith and want to pretend that they're smarter than me because they purposefully misread my comments.
Your entire argument is based on an intentional misreading of words I never said and in direct response to the comment where I argued against that intentional misinterpretation and I'm not engaging with this any more.