A simple fix to refocus energy on business building that grows prosperity and solves global problems rather than on short term accounting gimmicks that drive up share prices temporarily: change the law back to pre-1982 ban on share buybacks as illegal market manipulation. Because it is manipulation and it is costing us all greatly in deflecting attention, talent and resources away from everything else that matters.
A conversation on the global economy and the future of capitalism with Jeremy Grantham, chief investment strategist at GMO. Here is a direct video link.
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