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Dan McMurtrie - The Next Market Wizard

The Business Brew

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The Structured Dominance of a Buyback Strategy

In March people were like, oh, he missed the bottom. And it's like, well, did he really or was he just sort of putting himself in an anti-fragile state and maybe your buyback yield doesn't really matter at that time? How many hundred billion dollars is he long in the US economy? In market cap, what? 500-ish. Plus all this stuff. So the guys through that and the other entities probably, I don't know, plus the insurance exposure plus all this stuff, he's built a very robust thing.

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