Wealth Signal
Daily scan · Edition 002 · Monday 14 September 2026 / Transferable to you · Action 06
Does not

Buying your own stock as a signal

No mechanism

Larsson's purchase works because there is a public market, a filing requirement, and an audience that reprices on disclosure. A private company has none of these. The residue that does transfer is the principle underneath my critique of it: a costly, irreversible, inconvenient commitment is credible in proportion to its inconvenience. That applies to how you signal to employees, customers and partners — and it argues against gestures engineered to look good at minimum cost, because sophisticated observers discount exactly those.

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