Buffett said that those who accuse him of repurchasing own shares are financially illiterate

Buffett said that those who accuse him of repurchasing own shares are financially illiterate.

In this area, we can say that he is right as the repurchases of own shares offer great value to the shareholders. 

Every company has the right to manage its profits as it wishes and for the benefit of its shareholders and itself.

 After all, at the end of the day, if the company does better, society will also do better, since the state's revenues depend on the profits of businesses...