"But of course newspapers and grotty rags like to perpetuate this narrative that derivatives are going to blow up the world." It's no secret that Warren Buffet

"But of course newspapers and grotty rags like to perpetuate this narrative that derivatives are going to blow up the world." It's no secret that Warren Buffet is strongly against these derivative products and considers them to be one of the most dangerous financial products in history. So why is he "perpetuating the narrative" as you dismissively claim? I want to bring him up because you're hiding behind attacking the newspaper and "rags", so let's instead point to one of the most successful investors in modern history who agrees. Why is he wrong? Please don't hide behind dismissal and attacks, as a man of Warren Buffets caliber has proven through real world demonstration that he possess a vast understanding of these markets and products.