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Carol Loomis Talks About the Life of Warren Buffett
Author of the book,Tap Dancing to Work, Carol Loomis, offers her views about the life and times of her friend Warren Buffett.
Credit and Source: www.thestreet.com
Here is the video:
Credit and Source: www.thestreet.com
Here is the video:
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[www.tilsonfunds.com]
"Many people argue that derivatives reduce systemic problems, in that participants who can’t bear certain risks are able to transfer them to stronger hands. These people believe that derivatives act to stabilize the economy, facilitate trade, and eliminate bumps for individual participants. And, on a micro level, what they say is often true. Indeed, at Berkshire, I sometimes engage in large-scale derivatives transactions in order to facilitate certain investment strategies.
Charlie and I believe, however, that the macro picture is dangerous and getting more so..."