Goldman Sachs: Share Buybacks to Rise

The transcript discusses the shift in focus of portfolio managers towards revenue growth and the importance of capital expenditure (CapEx) for companies to expand. It highlights the potential for economic growth through increased CapEx and debates the role of government stimulus in infrastructure spending. The pressures on corporate boards to prioritize dividends and share buybacks over investment are examined. Finally, the transcript explores trends in strategic mergers and acquisitions, emphasizing the importance of acquiring operating assets within the same industry for growth opportunities.

How do portfolio managers' expectations influence their investment decisions?

What is the significance of strategic M&A in the current market environment?