Berkshire Hathaway Inc (BRK.A)

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"Buffett explains the enduring power of stock buybacks for long-term investors"

"Buffett has always resisted a Berkshire Hathaway dividend, but continues to believe that buybacks, when done at the right prices and for the right reasons, are an effective way for executives to invest in their businesses and reward long-term holders of stock."

1. Buybacks, when done right, are a value investment
2. It is a free increase in stock ownership
3. Buybacks are better than hasty acquisitions, maybe even most acquisitions
4. What makes for a bad buyback (and there are many of them)
5. If you want a dividend, create one yourself by selling a little stock

https://www.cnbc.com/2018/08/31/warren-buffett-explains-the-enduring-power-of-stock-buybacks.html