SmartAnswer
Smart answer:
After reading 1735 websites, we found 2 different results for "who called derivatives weapons of mass destruction"
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.
Source links:
ShareAnswer
Confidence Score
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.
Source links:
ShareAnswer
Confidence Score