Do Not Misrepresent Warren Buffett!

This article badly misrepresent's Warren Buffett's advice on share buy backs by cherry-picking his letter. He does not rail against share buy backs. In fact at page 8 of his letter he said that those who view buy-backs as un-American are wrong.  Many times in the past he has extolled the virtues of share buy-backs when done at a reasonable price. See his extensive discussion in his 1999 and 2011 annual letters. He likely discussed repurchases other years as well.

I am going to assume that the terrible misrepresentation of Buffett's views here was unintentional based on looking only at the 2016 letter which DID rail against buybacks at irrationally high prices or without regard to price.