"Billions Lost"
!["Billions Lost" "Billions Lost"](https://5ux.com/sites/5ux.com/files/styles/medium_250/public/resize/remote/78212db319290785eb7f522a9f9e5ed0-1257x898.jpg?itok=Ir7EHYW4)
Submitted by Lance Roberts via RealInvestmentAdvice.com,
Companies Lose Billions On Stock Buybacks
I recently wrote an article about why “Benchmarking Your Portfolio Is A Losing Bet.” In that missive, I discussed all the things that benefit a mathematically calculated index versus what happens in an actual portfolio of securities. One of those issues was the impact of share buybacks: