Tell Us How You Really Feel About Derivatives, Warren

Buffett on the Derivatives Business:
Long ago, Mark Twain said: “A man who tries to carry a cat home by its tail will learn a lesson that can be learned in no other way.” If Twain were around now, he might try winding up a derivatives business. After a few days, he would opt for cats.

Buffett on Gen Re Exiting the Derivatives Businss:
My feelings about its departure will be akin to those expressed in a country song, “My wife ran away with my best friend, and I sure miss him a lot.”
Folksy Tale from Buffett [NY Times]

Comments:

<< Back to main