Does Warren Buffett Prefer Dividends Or Buybacks?

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Warren Buffett has spoken extensively recently about stock buybacks, and in this video he compares them with dividends, and explains which are best for long-term shareholders and investors in public companies.
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Alot of the companies buffett has in his portfolio pays dividends. Ko, wfc, kraft barrick gold, , and a bunch of other's. Pay attention what he buys and owns.

TheSilvertrigger
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dididend vs. buybacks. don't forget dividend tax you and your company should pay. buybacks need to worry about NONE, for now. if buybacks need to pay tax, how about the stock options? how can you deal with stock buybacks while leaving stock option alone? take the CREDIT and DEBIT for example.

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