{"id":213615,"date":"2023-02-27T15:33:43","date_gmt":"2023-02-27T15:33:43","guid":{"rendered":"https:\/\/bm.dev.synology.me\/?p=213615"},"modified":"2026-04-09T14:32:30","modified_gmt":"2026-04-09T14:32:30","slug":"warren-buffett-respinge-criticile-privind-rascumpararea-de-actiuni-dand-exemplu-apple-si-american-express-cand-vi-se-spune-ca-toate-rascumpararile-sunt-daunatoare-pentru-actionari-sau-pentru","status":"publish","type":"post","link":"https:\/\/bm.dev.synology.me\/?p=213615","title":{"rendered":"Warren Buffett respinge criticile privind r\u0103scump\u0103rarea de ac\u0163iuni d\u00e2nd exemplu Apple \u015fi American Express. \u201eC\u00e2nd vi se spune c\u0103 toate r\u0103scump\u0103r\u0103rile sunt d\u0103un\u0103toare pentru ac\u0163ionari sau pentru \u0163ar\u0103, sau sunt deosebit de benefice pentru directori generali, ascul\u0163i fie un analfabet economic, fie un demagog, personaje care nu se exclud reciproc.\u201d"},"content":{"rendered":"<p>\nWarren Buffett a ap\u0103rat r\u0103scump\u0103rarea de ac\u0163iuni \u00een scrisoarea anual\u0103 a companiei Berkshire Hathaway, consider\u00e2nd practica benefic\u0103 pentru to\u0163i ac\u0163ionarii, transmite CNBC.<\/p>\n<p>\n\u201eC\u00e2nd vi se spune c\u0103 toate r\u0103scump\u0103r\u0103rile sunt d\u0103un\u0103toare pentru ac\u0163ionari sau pentru \u0163ar\u0103, sau sunt deosebit de benefice pentru directori generali, ascul\u0163i fie un analfabet economic, fie un demagog, personaje care nu se exclud reciproc.\u201d, a spus \u00eenvestitorul \u00een v\u00e2rst\u0103 de 92 de ani \u00een mult anticipata scrisoare lansat\u0103 s\u00e2mb\u0103t\u0103.<\/p>\n<p>\nConglomeratul a cheltuit o sum\u0103 record de 27 de miliarde de dolari \u00een r\u0103scump\u0103r\u0103ri \u00een 2021, deoarece Buffett a g\u0103sit pu\u0163ine alte oportunit\u0103\u0163i.<\/p>\n<p>\nActivit\u0103\u0163ile de r\u0103scump\u0103rare au \u00eencetinit \u00een acest an la aproximativ 8 miliarde de dolari, deoarece miliardarul a \u00eenceput s\u0103 cumpere ac\u0163iuni intens tranzac\u0163ionate. Berkshire a preluat \u015fi compania de asigur\u0103ri Alleghany pentru 11,6 miliarde de dolari.<\/p>\n<p>\nR\u0103scump\u0103r\u0103rile de ac\u0163iuni au atras critici din partea politicienilor care consider\u0103 c\u0103 firmele americane ar trebui s\u0103-\u015fi foloseasc\u0103 banii \u00een alte moduri pentru a stimula cre\u015fterea pe termen lung, cum ar fi beneficiile angaja\u0163ilor \u015fi cheltuielile de capital. Mul\u0163i spun c\u0103 r\u0103scump\u0103r\u0103rile ofer\u0103 adesea un impuls incremental cre\u015fterii c\u00e2\u015ftigului pe ac\u0163iune, iar c\u00e2nd companiile \u00eenceteaz\u0103 s\u0103 fac\u0103 asta, atingerea acestui obiectiv devine mai dificil\u0103.<\/p>\n<p>\nBuffett consider\u0103 c\u0103 r\u0103scump\u0103r\u0103rile sunt benefice pentru ac\u0163ionari, deoarece ofer\u0103 o cre\u015ftere a valorii intrinseci pe ac\u0163iune.<\/p>\n<p>\n\u201eMatematica nu este complicat\u0103: c\u00e2nd num\u0103rul ac\u0163iunilor scade, interesul t\u0103u pentru numeroasele noastre afaceri cre\u015fte. Fiecare mic fragment ajut\u0103 dac\u0103 r\u0103scump\u0103r\u0103rile se fac la pre\u0163uri care cresc valoarea\u201d, a spus Buffett. \u201eC\u00e2\u015ftigurile din r\u0103scump\u0103r\u0103ri cu valoare sporit\u0103, ar trebui subliniat, beneficiaz\u0103 to\u0163i proprietarii \u2013 din toate punctele de vedere.\u201d<\/p>\n<p>\nLegendarul investitor a eviden\u0163iat Apple \u015fi American Express, dou\u0103 din companiile \u00een care Berkshire Hathaway de\u0163ine participa\u0163ii serioase. Buffett a spus \u00een trecut c\u0103 este fan al programului de r\u0103scump\u0103rare de ac\u0163iuni al CEO-ului Tim Cook \u015fi al modului \u00een care acesta ofer\u0103 conglomeratului o proprietate sporit\u0103 pentru fiecare dolar din c\u00e2\u015ftigurile produc\u0103torului de iPhone, f\u0103r\u0103 ca investitorul s\u0103 fie nevoit s\u0103 ridice un deget.<\/p>\n<p>\n&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Warren Buffett a ap\u0103rat r\u0103scump\u0103rarea de ac\u0163iuni \u00een scrisoarea anual\u0103 a companiei Berkshire Hathaway, consider\u00e2nd practica benefic\u0103 pentru to\u0163i ac\u0163ionarii, transmite CNBC. \u201eC\u00e2nd vi se spune c\u0103 toate r\u0103scump\u0103r\u0103rile sunt d\u0103un\u0103toare pentru ac\u0163ionari sau pentru \u0163ar\u0103, sau sunt deosebit de benefice pentru directori generali, ascul\u0163i fie un analfabet economic, fie un demagog, personaje care nu [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[510],"tags":[23168,288,14073,9262],"class_list":["post-213615","post","type-post","status-publish","format-standard","hentry","category-actualitate","tag-american-express","tag-apple","tag-berkshire-hathaway","tag-warren-buffet"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/213615","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=213615"}],"version-history":[{"count":1,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/213615\/revisions"}],"predecessor-version":[{"id":213619,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/213615\/revisions\/213619"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=213615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=213615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=213615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}