Response to Michael R. Levin on Buybacks

Thanks to Michael R. Levin of Valuewalk for his thoughtful, respectful, if unpersuasive attempt to rebut my Huffington Post column titled: Can’t Boards Find a Better Use for Capital Than Buybacks? I genuinely appreciate the opportunity to engage on this topic. Levin does a good job of setting out the conventional portfolio manager’s view on buybacks.  We differ because my approach…