Invesco BuyBack Achievers ETF

Jason support ×3 ▲ on 📈 Profitability plus buybacks is the setup for the tech turn E201 · 2024-10-25 ▶ 47:55

corporations have gotten religion around cost-cutting and austerity and increasing earnings

Friedberg support ×3 ▼ on 📈 Crony managerialism: debt-funded buybacks and EPS-linked comp produce marginal companies E183 · 2024-06-14 ▶ 29:14

The way executive comp typically works at the board level at public companies is you hire these comp consultants and the comp consultants come in and they use comparables, which basically means let's do what everyone else does.

Jason support ×1 ▼ on 📈 Crony managerialism: debt-funded buybacks and EPS-linked comp produce marginal companies E176 · 2024-04-26 ▶ 17:16

Sundar being a hired gun, not having founder authority to your point, Friedberg

Friedberg support ×2 ▼ on 📈 Crony managerialism: debt-funded buybacks and EPS-linked comp produce marginal companies E176 · 2024-04-26 ▶ 12:07

it's a really important sign that founder led companies with these voting rights, you know, have the ability to make these sorts of hard decisions that it might be very difficult for a management by committee group to make.

Chamath support ×2 ▲ on 📈 Shrinking global equity float lifts prices regardless of fundamentals E174 · 2024-04-12 ▶ 40:54

the global amount of total available equities to buy is shrinking... when the equity markets continue to shrink and there's fewer and fewer things to buy, prices will still go up irrespective of the underlying justification

Jason support ×2 ▲ on 📈 Profitability plus buybacks is the setup for the tech turn E165 · 2024-02-09 ▶ 30:01

And then what I'm hearing from a lot of executives is cutting these highly stock comped executives who also have big cash comp, cutting them, putting lieutenants in charge, and then moving more jobs to other locations where people don't expect stock based comp... So as everybody optimizes these businesses, I mean, Facebook even did a dividend.

Jason support ×2 ▼ on 📈 Crony managerialism: debt-funded buybacks and EPS-linked comp produce marginal companies E164 · 2024-02-02 ▶ 1:02:27

I bet you if she got paid $1 in her health care and she had to get to $80 a share, I bet you that would be an $80 stock price.

Sacks support ×3 ▼ on 📈 Crony managerialism: debt-funded buybacks and EPS-linked comp produce marginal companies E164 · 2024-02-02 ▶ 1:06:14

Then you got crony capitalism. You got these companies that have been around for a hundred years. The value was created by people long dead. ... they pay themselves as much comp as they can possibly justify. Whether or not they create any value for the shareholder. That's what we saw at GM.

Chamath support ×3 ▼ on 📈 Crony managerialism: debt-funded buybacks and EPS-linked comp produce marginal companies E164 · 2024-02-02 ▶ 59:27

So right now what we are doing is we are not motivating CEOs to run great companies. We're motivating CEOs to understand financial arbitrage. The result will be crappier companies that diminish American exceptionalism. That is the only outcome.

Jason oppose ×1 ▲ on 📈 Profitability plus buybacks is the setup for the tech turn E164 · 2024-02-02 ▶ 59:57

And the only time really to buy shares back is when you think they're undervalued.

Chamath oppose ×2 ▲ on 📈 Profitability plus buybacks is the setup for the tech turn E164 · 2024-02-02 ▶ 49:25

Does debt help an equity shareholder? It categorically does not. Under no world does it do that.

Jason support ×2 ▲ on 📈 Profitability plus buybacks is the setup for the tech turn E158 · 2023-12-23 ▶ 39:29

we've seen all the companies that went public, whether it's Airbnb or Uber, are now focused on ringing the cash register and being profitable.

Jason support ×2 ▲ on 📈 Profitability plus buybacks is the setup for the tech turn E156 · 2023-12-08 ▶ 34:54

public firms that are continuing to downsize are getting rewarded by the public market. Spotify just did a third layoff, 17%.

Jason support ×2 ▲ on 📈 Profitability plus buybacks is the setup for the tech turn E151 · 2023-10-27 ▶ 50:45

Dara Uber is reportedly planning buying back upwards of 20% of the Uber shares in the next five years ... I think it's the public market companies showing the path profitability, buying back stock