Futures & Options: jackpots or ticking time bombs?
In the 2002 annual chairman’s letter of Berkshire Hathaway, Warren E. Buffett, the oracle of Omaha, wrote, “In our [along with Charlie Munger] view, derivatives are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal.” Further, Mr. Buffet said he viewed the derivatives and the trading activities that go with […]
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