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What happens to the money that people who sell during stock buybacks realize? If public stocks are mainly going up due to that, the money must be going into some other assset class or consumption, right? How does the equation balance?
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So money is getting concentrated in overvalued tech stocks because of buybacks at older companies that are now burdened with low-interest debt?
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Focusing in on just the second sentence. Are you saying buybacks drive up stocks because it distributes cash to the previous owners, who then invest the cash?
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Your cash out, load it on trucks and drive it to a private vault somewhere. Your aunt was always right to put her money under the mattress.