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Warren Buffett: "Derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal" (2002)
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Posted by ian 1 year 260 days ago (berkshirehathaway.com).  Views: 3,653
Tags: warren buffet  wall street  housing bubble
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Warren Buffet writes in the Bershire Hathaway Inc. 2002 Annual Report: Derivatives Charlie and I are of one mind in how we feel about derivatives and the trading activities that go with them: We view them as time bombs, both for the parties that [More...]

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