# Prof. Aswath Damodaran discusses stock buybacks

1 Faculty News October 8, 2014 ![Marketplace Logo](/sites/default/files/styles/246w/public/assets/images/marketplace_logo.jpg?itok=IIav3Udj)>

Excerpt from [Marketplace](http://www.marketplace.org/topics/business/stock-buybacks-could-be-good-investors) -- "When \[[Damodaran](http://www.stern.nyu.edu/faculty/bio/aswath-damodaran)\] looks at the biggest companies buying back the most stock—companies like Microsoft, Hewlett Packard, IBM—he sees a pattern. 'I mean you look at that list,' he says, 'and every single one of them, you look at the last decade, have a history of destroying value— of investing in things where they have nothing to show for it 5 years out, 10 years out. I look at that list, and I say: Thank God for buybacks.'"

[Read more](http://www.marketplace.org/topics/business/stock-buybacks-could-be-good-investors)