Mauboussin On Strategy

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	For institutional use only. Not for distribution to the public.

	Mauboussin on Strategy

Michael Mauboussin Chief Investment Strategist, Legg Mason Capital Management	In his latest strategy piece, Share Repurchase from All Angles: Assessing Buybacks, No Matter Where You Sit, Michael Mauboussin discusses the sometimes misused and misunderstood importance of share buybacks to maximize long-term value for shareholders from four distinct points of view: companies, shareholders, prospective shareholders, and the media. Michael Mauboussin is renowned for his lively and original insights into investing, capital markets, complex systems and human behavior. Learn more about funds managed by Legg Mason Capital Management. Read about Legg Mason Capital Management. Visit www.MichaelMauboussin.com for more information on Michael Mauboussin.
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