#芒格金句#
Many share repurchases are just to stimulate the stock price rather than to absorb equity when it is low. Thirty or forty years ago, if you look for companies that are actively repurchasing stocks, you can make a lot of money, because they repurchased because their stock prices were lower than their value. It was pure and simple.
很多股份回购的行为只是为了刺激股价而不是趁低吸收股权。三四十年前，如果你去寻找那些积极回购股票的公司，可以赚不少钱，因为他们那时候都是因为股价低于价值才回购的，很纯粹很简单。
#芒格内部讲话#
Many share repurchases are just to stimulate the stock price rather than to absorb equity when it is low. Thirty or forty years ago, if you look for companies that are actively repurchasing stocks, you can make a lot of money, because they repurchased because their stock prices were lower than their value. It was pure and simple.
很多股份回购的行为只是为了刺激股价而不是趁低吸收股权。三四十年前，如果你去寻找那些积极回购股票的公司，可以赚不少钱，因为他们那时候都是因为股价低于价值才回购的，很纯粹很简单。
#芒格内部讲话#
