What is a stock buyback?

Mike Armstrong and Marc Fandetti discuss investors bracing for a surge in volatility. Higher interest rates may actually be stimulative to the economy. Tight hiring markets mean companies have to raise wages. The labor share of GDP rose to 44% last year, up from 42% in 2013. Warren Buffett's Berkshire Hathaway posts a big loss in 2022. The famed CEO presents optimism in his annual letter to shareholders. The guys look to dispel misinformation about stock buybacks.