Uber Cannibals

June 16, 2024

An underrated investment strategy is one where an investor invest in 'uber cannibals'. This is companies that, over the long run, purchase a significant portion of their outstanding shares. Moreover, CEOs that follow this strategy i.e., buy company stock when it's cheap, usually outperform their peers. The best CEO example is Henry Singleton Mohnish Pabrai talks about him in the YouTube video.

This is in stark contrast to Coinbase's CEO who hasn't bought any stock eventhough the share price is down by more than 80% this year. In fact, he has recently sold more shares.

Below is a list of uber cannibal companies with their share price performance you can view it on @bkaelner Twitter's account. As you can see these companies have performed pretty well!

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