Jobs once called Buffett to ask if his company should buy back its own stock. Buffett said, there’s no need for a lot of philosophy here, just ask yourself two questions: 1/ In the next 5 to 10 years, do you have enough cash to build the company into what you envision? 2/ Is the current stock price lower than its true value? Jobs said, the cash is enough, and the stock price is low. Buffett replied, then why are you even asking me? The answer was already in your own words.