Chris Bloomstran, Semper Augustus – Buffett, Berkshire, & Investing During The Energy Transition | #410
The Meb Faber Show - Better Investing
Leverage Relative to Assets for Corporate Americas at All Time High
When your share count goes up, as it did in the decade end of 19 99, and i can jump forward to that, it's not adetive. They're not going into expansion of internal business. They're going to buy back shares. To the extent we've loaded up the collective balance sheet with debt, we've actually spent more than dividends and retained earnings buying back shares. So leverage relative capital, leverage relative to assets for corporate americas at all time high. We've done it to drive stock prices higher.
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