Warren Buffett - Derivatives are OK

Most rich people would not have done as well if they were in another country. There ought to be a taxation system that gives a lot of money back to the people who got the short straws in life. Everyone was scared during the financial crisis. There were many companies who would not have been able to make payroll unless the Federal Reserve had stepped in. Buffett also began to pour money into the stock market while everyone else was getting out.

When you look at the majority of the cash generated by Berkshire, you see that most comes from insurance and from complicated derivative contracts on Wall Street. If a financial instrument is mispriced, then you can still buy it. It is an analytical process of the factors that might affect it. Even when it comes to purchasing derivatives, you should be focusing on the fundamentals.

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[tcoons1912]

@sssssjjjj1 you are sadly misinformed

[Quinnshanklin]

When I say what I'm about to say, I need all of you to know that I'm a hardcore Communist, and I hate the bourgeoisie with a passion most of you would be hard pressed to match, but I actually like Warren Buffet. I don't like the way he makes his money, but I like the way he uses it. He is one of the few rich people who I believe actually gets it. It's also worth noting that I lived in Omaha NE for a time, and actually met the man through a charity I was volunteering for, he is quite funny IRL.

[sssssjjjj1]

OH BROTHER. HAHHAHA THIS MAN HAS DESTROYED AMERICA. TO HEAR THIS BASTARD. OH BROTHER. WHAT A CON MAN. THIS IS BEYOND BELIEVE THIS SUCK PIECE IS DISGUSTING. HE HELPED DE INDUSTRIAL AMERICA.  ON PURPOSE. AND MADE BILLIONS SHORT SELLING THOSE COMPANIES, KNOWING THEY WERE....DERIVATIVES AREN'T COMPLICATED INSTRUMENTS. INSTRUMENTS. OMG THOSE JEWS ARE JUST INSANELY GREEDY. NO WONDER THEY'RE HATED. I DON'T MEAN JEWS, I MEAN MONEYCHANGER ZIONISTS. SORRY, PLEASE ACCEPT APOLOGY.

[sssssjjjj1]

THIS MAN IS A LIAR AND JUST A BAG MAN FOR THE BANKERS. JP MORGAN WAS A BAG MAN FOR ROTHSCHILDS TOO. ALL WONDERED WHEN JP MORGAN DIED, HOW MUCH WENT TO THE KIDS, THEY GOT A FEW MILLION APIECE. ALL OF IT WENT BACK TO THE KABAL.

[sssssjjjj1]

THEY NEVER EXPLAIN IT, THEY JUST SAY IT'S COMPLICATED, THE JOURNALIST NEVER SAYS, TRY ME. TELL ME...I THINK I'LL GET IT. THEY JUST SAY BEFORE AND AFTER THE INTERVIEW HOW COMPLICATED AN INSTRUMENT. THINK, IT'S A PIECE OF PAPER THAT'S FAKE. IT'S STEALING.

[sssssjjjj1]

WHAT DO YOU MEAN FEDERAL RESERVE....IT'S MY TAX DOLLARS. THE FED IS NOTHING BUT A HOLDING CO. IT'S NOT COMPLICATED. IT'S FLAT OUT FRAUD. F-ING FRAUD. PEOPLE, THIS GUY IS EVIL AS HELL.

[00iam]

I wonder whether Warren sometimes reflect on the impact and consequences of his financial action or inaction on larger society of ordinary people who may be losing their homes or jobs or health insurance or pension funds...may be it would be good for him to experience these.

[beancube2010]

Religious rituals for economic rituals: set rules for others but loopholes for oneself. Ancient kings and rulers do all that until they got revolted, and they are just repeating bad histories about economy of societies so Americans and NATO members citizens should prepare for it.