Comment by terminalshort
11 hours ago
I worked in finance for years before I went into SWE and studied it in university before that. Your example would be found in no textbook (because it is complete idiocy) and you would know it if you ever cracked one, which you obviously haven't. You are just another bitter loser peddling conspiracy theories of how the financial system is rigged against you because you are envious of the money that people who actually understand it make.
Fine. You're well-versed in finance. For ... reasons ... you're doing a very good impression of someone missing the simple point of a very vanilla toy example.
And, yes. I admit it. I'm a fanatical believer in the conspiracy theory that buybacks can be either good or bad for a given shareholder, and that this depends on the price paid for the shares, and on when each shareholder buys and sells. The system is rigged, I tell you! Rigged! .... but, er, ... sometimes it's rigged one way ... and ... sometimes, um, it's rigged the other way. You have to run the numbers. But it's RIGGED!
We good?