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Your search for ′Who called derivatives weapons of mass destruction′ returned the following results:
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.
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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.
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