Buffett Calls Buyback Opponents 'Illiterate' and 'Demagogues'
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Think Cherry Coke and a Dairy Queen dipped cone. That's how much Warren Buffett likes stock buybacks.
In the Berkshire Hathaway CEO's latest annual letter to shareholders, the nonagenarian investing icon defended the practice of companies getting high on their own share supply, and voiced his enthusiasm for investments in American companies.
Source Fool.com
