In an article over at Forbes, Mohnish Pabrai lays out a strategy he calls the “Uber Cannibals” based on buying the 5 companies with the biggest share repurchases.

Dividends are a tax-inefficient way to get money back to shareholders; neither company pays a dividend. Buybacks work a lot better.

Source: Move Over Small Dogs Of The Dow, Here Come The Uber Cannibals