Archive: shareholders

Buybacks Are Bad for Shareholders

By Andy Gordon on May 12, 2021

My old nemesis SoftBank was in the news today. Thanks to some big bets paying off in its $100 billion Vision Fund, it posted a record $46 billion profit for the last fiscal year. I’m not impressed. In fact, I’ve never been a big fan of SoftBank’s Vision Fund. I’ve written a lot about why I don’t like the fund’s investing philosophy (click here and here…