In the annual letter to Berkshire Hathaway shareholders in 2002 Buffet wrote:
'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 deal in them and the economic system.'
Berkshire Hathaway has had little to do with derivatives. I think all major companies will have had some exposure B-H will be no different. - so I was told by a very senior manager in Netjets.
Maybe he was bull****ting me but, Buffet has been very vocal on subject.
Last edited by Capt Crash; 27th Dec 2008 at 19:45.