No, he actually didn't. He did not articulate the idea that buybacks cause an increase in overall shareholder remuneration. You read that into what he said, but he didn't actually say it.
> I'm not saying the argument is right or not. I'm saying your outright dismissal of the entire premise as garbage and a meme not worth considering is wrong.
I stand by it. The argument is terrible and financially illiterate, even if you grant him the implied argument you make for him.