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In the 2002 shareholder letter, Warren Buffett described derivatives as financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal. Derivatives
In the 2002 shareholder letter, Warren Buffett described derivatives as financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal. Derivatives include call and put options.
Do you agree on Mr. Buffetts above statement? Note: You will need to present on the suitability of Warren Buffetts above comment and justifications of your explanation relating to potential risks and potential returns of using call/put options. Your own justifications should not exceed 500 words.
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