Michael J. Mauboussin

Just a reminder: "Price appreciation is the only source of investment returns that increases accumulated capital." See myth #2: [link] based on a great paper by Al Rappaport

Gary, I would recommend reading up on this (I did not until recently). Buybacks accelerated a lot after 1982, but they were neither illegal nor that scarce. In fact, the great Charley Ellis (of The Loser's Game fame) co-authored a book about them-in 1971.

Here's some good recent analysis by @OSPpatrick

This is simply one of the best podcasts I have ever listened to. Come for the analytics and stay for so much more. Thank you @GuptaRK22 and @ShaneBattier. Every team athlete should drop what they are doing to listen and learn.

Just finished Chip War by @crmiller1. A wonderful book that is both informative and topical. I learned a lot reading it and recommend it to anyone interested in technology and/or national security.