2min chapter

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#15: Peter Atwater: Welcome To The 'Backlash Era'

Superinvestors and the Art of Worldly Wisdom

CHAPTER

The Distinction Between Financial Assets and Confidence

In Equifax and we're, you know, I think that's a question that probably we're going to hear a lot more of. The greatest source of demand for stock prices over the last 70 years has been stock buybacks. Ralph Nader wrote, I don't know if he saw the article recently where he called it corporate suicide,. And so we are seeing a backlash to this.

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