According to @QCompounding, TCI compounded shareholder returns at over 30 percent annually from 1973 to 1998, turning 1 dollar into more than 900 dollars. According to @QCompounding, this is cited as evidence that John Malone’s disciplined capital allocation could overwhelm industry headwinds, referencing The Outsiders.

According to @QCompounding, John Malone’s analysis at Bell Labs concluded AT&T should use more debt and repurchase shares, but the board rejected the idea, highlighting execution risk even when the math supports leverage and buybacks, source: @QCompounding. For traders, open‑market repurchase announcements are associated with positive abnormal returns—especially in undervalued firms—supporting long setups around credible buyback signals, source: Ikenberry, Lakonishok, and Vermaelen 1995; Peyer and Vermaelen 2009. In crypto, token buyback/burn mechanisms such as BNB’s Auto‑Burn represent analogous supply reductions that can inform event‑driven positioning, source: Binance 2021 BNB Auto‑Burn announcement.