His view on cash is quite drastic but it worked for him. I am on the side of if the company generate excess cash, they have to reinvest it effectively. as thats the best way to increase earning power. What's left can be used for buybacks and dividends.
His view on cash is quite drastic but it worked for him. I am on the side of if the company generate excess cash, they have to reinvest it effectively. as thats the best way to increase earning power. What's left can be used for buybacks and dividends.