Are derivatives 'weapons of mass destruction'?

When the sage of Omaha, Warren Buffett, speaks the financial world usually listens. Some years ago Buffett, one of the world's most famous and successful 'value' investors derided the exponential growth of the tech explosion. He was, of course, proven correct as the juvenile entrepreneurial businesses imploded and the 15-year olds who set up multi-million dot-com companies are now back at school finishing their A levels. Buffett has now turned his attention to derivatives and is using language

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here