From today's social media:
This is really, really cool.
From January 30, 2023, Michael Fitzsimmons. He inadvertently waded into the decades-old argument -- dividends vs buybacks vs capital gains ... Warren Buffett vs the "typical" mom-and-pop retail investor:
So, for all those folks complaining about CVX's new dividend -- oh, give me a break. CVX threaded the needle about as well as they could:
- a healthy dividend;
- held back cash for expanding their own company;
- a record buyback authorized but the key word: authorized.
Nothing required CVX to actually buyback anything.... $75 billion to be used at their discretion.
It really gets back to a short-term horizon vs a long-term horizon.
I'm lovin' it.
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