Some investors in growing companies, however, might not want to see companies employ cash on shareholders but rather plough it all back into the company for more capital growth. Although, as JPMorgan Chase boss Jamie Dimon put it earlier this year, and might also be said for Amazon and co, they do it "because our cup runneth over". But as legendary investor Warren Buffett and his sidekick Charlie Munger, have argued many times, a bulging balance sheet should not be the only reason: "Charlie and I favour repurchases when two conditions are met: first, a company has ample funds to take care of the operational liquidity and needs of its business; second, its stock is selling at a material discount to the company's intrinsic business value, conservatively calculated. "The second of those is often wilfully ignored."