The Soapbox

Joined: 12/07/1998 Posts: 333
Likes: 272

What's this?

Most people also don't have mutual funds or retirement accounts.

Even so, apples and oranges.

If Granny were rich and owned say 1% of the funds she is invested in, and those funds had 10% of the stock shares that were appreciating(say 50%) from the buybacks, then her increase would be .001% of the increase(.0005%). Of course, the overhead fees she pays to be in those funds will swallow that up. We have to make sure the guardians get their share.

If Warren Buffett has shares of those companies that are appreciating, then his increase is 50%. So, apples and oranges even though this is just one very rich theoretical Granny. Our theoretical Warren Buffett would still be doing better than 1000 theoretical Grannies put together in a theoretical quilting convention.

Moral of the story... Warren Buffet could easily corner the quilting convention market if he wanted, so watch out.

(In response to this post by Hoodafan)

Posted: 04/16/2019 at 11:04AM

PREV NEXT REPLY

Insert a Link

Enter the title of the link here:

Enter the full web address of the link here -- include the "http://" part:

Current Thread:

Kim Mulkey wants her team to visit the White House... -- JMHoo 04/15/2019 11:35PM

I don't know who she is, but if she goes and he grabs her genitals, don't -- Shenhoo 04/16/2019 09:12AM

She'll kick his ass ** -- 111Balz 04/16/2019 09:16AM

The right thing by Chris Long. -- Shenhoo 04/16/2019 09:19AM

Humility/Passion/Unity/Servanthood/Thankfulness............................ -- Chuck Taylor 04/16/2019 08:46AM

Waco is way less woke than Charlottesville. ** -- Tuckahokie 04/16/2019 08:27AM

Seems like common sense. -- ryno hoo 04/16/2019 08:14AM

It is no honor to meet Donald Trump. The man is just about everything you -- Lazarus 04/16/2019 07:39AM

It would literally be like visiting Hitler. ** -- ResistHoo 04/16/2019 08:57AM

WH? I'm not sure the Hoos should go see Coonman at the Gov Mansion ** -- Jeff_Banks 04/16/2019 08:35AM

That’s different. ** -- ResistHoo 04/16/2019 08:57AM

Fairfax might like to see the Women's team ** -- Tuckahokie 04/16/2019 08:44AM

A string of insults, yet so much #winning ** -- MasterRusty 04/16/2019 07:54AM

In all seriousness Rusty, how are conservatives winning? -- ftwuva 04/16/2019 3:01PM

What exactly is he winning? He got one piece of legislation -- Shenhoo 04/16/2019 08:00AM

TD has united the United States in that the vast majority of people hate -- Lazarus 04/16/2019 08:18AM

Clearly for Trump bot like Conn, trolling is winning. Cuz on the basis of -- Shenhoo 04/16/2019 08:21AM

Stealing money from babies is not an achievement in my book. They will be -- JSHoo 04/16/2019 08:55AM

Yeah. But Trumpies think the Corporate tax cuts are paying for themselves. -- Shenhoo 04/16/2019 09:05AM

Bank of America is doing well with the money. From their earnings today... -- JSHoo 04/16/2019 09:17AM

Wait. Try to think of those 15 percent raises for executives with the tax -- Shenhoo 04/16/2019 09:36AM

Yep, if you reduce the denominator in a ratio, the ratio goes up! ** -- 111Balz 04/16/2019 09:19AM

And we are definitely living in a "lowest common denominator" time. ** -- JSHoo 04/16/2019 09:21AM

Well said! ** -- 111Balz 04/16/2019 09:46AM

You get that Corp taxes get passed through, right? Weren't you a CPA? There -- Hoodafan 04/16/2019 09:13AM

Passed through in buy back shares? ** -- Shenhoo 04/16/2019 09:14AM

You don't think that got passed through back to shareholders? ** -- Hoodafan 04/16/2019 09:15AM

Can you educate us as to how the corporate tax cuts -- 111Balz 04/16/2019 09:18AM

I don't. Perhaps a small part. -- Shenhoo 04/16/2019 09:16AM

I would prefer a special dividend but what do you think happens to share -- Hoodafan 04/16/2019 09:26AM

Either way, those who benefit the most are those with the most shares. -- JSHoo 04/16/2019 09:54AM

Granny's investment will increase by the same % as will Mr. Buffet's. And -- Hoodafan 04/16/2019 10:09AM

Most people also don't have mutual funds or retirement accounts. -- JSHoo 04/16/2019 11:04AM

What world do you live in? ** -- 111Balz 04/16/2019 10:15AM

Oh, and some of that money makes it's way back to politicians in the form -- JSHoo 04/16/2019 10:05AM

What do you mean "when demand for those shares goes up by 11M shares"? ** -- 111Balz 04/16/2019 09:48AM

What do you think happened when BOA bought back those $6.3B of shares? My -- Hoodafan 04/16/2019 09:52AM

Huh? The price of a stock can go up from a buyback because -- 111Balz 04/16/2019 09:55AM

Huh? That would be the additional benefit to buybacks for those that hold -- Hoodafan 04/16/2019 10:03AM

I do, but I'm not sure you get this at all. When a company -- 111Balz 04/16/2019 10:14AM

Umm, your EPS would go down, not up. The denominator stays the same, the -- Hoodafan 04/16/2019 10:30AM

Hooda, gently, you don't seem to have this correct -- 111Balz 04/16/2019 12:41PM

Sorry, meant to say your PE's would go down, not EPS. ** -- Hoodafan 04/16/2019 10:34AM

You can show me as I said. ** -- Shenhoo 04/16/2019 09:30AM

SMH. What would happen to the price, if instead of buybacks, these Cos. -- Hoodafan 04/16/2019 09:36AM

Don't know. A buyback = "we can't invest this money -- 111Balz 04/16/2019 09:51AM

You can keep flapping your jowls, or you can show me. Which? ** -- Shenhoo 04/16/2019 09:37AM

I have shown you. I can't help you if you refuse to see. ** -- Hoodafan 04/16/2019 09:40AM

No. That might be your problem if you think that. ** -- Shenhoo 04/16/2019 09:44AM

Reminds me of this - link -- 111Balz 04/16/2019 09:53AM

I’m ok with whatever Tony and the team decide -- WahooMatt05 04/16/2019 07:07AM

There are good people on both sides -- VaTechie 04/16/2019 08:43AM

Wonder if the team will go. They seemed pretty anti trump ** -- hooyorkcity 04/16/2019 02:25AM

Do the men and women typically go on the same day? ** -- hooshouse 04/15/2019 11:39PM