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The share buybacks enable and encourage investors to move their money to invest in other things for the future. That's usually a better idea than e.g. Intel, who know nothing about other wind farms, building their own.


This is the thing we tell ourselves because we like share buybacks. The question is whether the numbers actually tell this story.


The investors are quite capable of taking the money from those US stock buy-backs and investing them in Chinese growth sectors.

I mean, I'm basically doing that.

That said, I'm an unsophisticated retail investor, and if I understand right all people like me combined only add up to about 20% of the market.




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