Question
On page 15 of Warren Buffetts 2002 Letter to Shareholders: http://www.berkshirehathaway.com/letters/2002pdf.pdf he states that Derivatives are financial weapons of mass distraction, carrying dangers that, while
On page 15 of Warren Buffetts 2002 Letter to Shareholders: http://www.berkshirehathaway.com/letters/2002pdf.pdf he states that Derivatives are financial weapons of mass distraction, carrying dangers that, while now latent, are potentially lethal.
Khan Academy has a lesson on what Buffett meant: https://www.khanacademy.org/economics-finance-domain/core-finance/derivative-securities/credit-default-swaps-tut/v/financial-weapons-of-mass-destruction
Why did Warren Buffett refer to derivatives as financial weapons of mass destruction?
Has Mr. Buffett changed his mind?
What do you think? Are derivatives a danger to the world?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Foundations Of Financial Management
Authors: Stanley Block
8th Canadian Edition
0070965447, 9780070965447
