Warren Buffett

Warren Buffett called derivatives 'weapons of mass destruction' because Schwab had, and has, no idea what the potential negative impact of a bad actor could be.

even Warren Buffet

In fact, even Warren Buffet takes a stronger stance against derivatives than many leading Islamic academics and refers to derivatives as “financial weapons of mass destruction, carrying dangers that, while now latent are potentially lethal”

Warren Buffet’s

Warren Buffet’s referring to derivatives as “financial weapons of mass destruction” (was anyone listening)?

Underlying assets in real-world examplesWarren Buffett

Underlying assets in real-world examplesWarren Buffett famously called derivatives "financial weapons of mass destruction" -- yet real-world examplesWarren Buffett's company, Berkshire Hathaway , will happily sell them at the right price.

Buffet

Some years ago, Buffet said that derivatives (derivatives are derivatives and not only LTCM ones) are weapons of mass destruction for the economy.