Something as simple as a swap is a derivative. Swaps are common and no doubt some of Warren Buffet's businesses use FX swaps to avoid being exposed to currency

Something as simple as a swap is a derivative. Swaps are common and no doubt some of Warren Buffet's businesses use FX swaps to avoid being exposed to currency fluctuations. What would be intensely interesting would be if that derivatives number was broken down by type of derivative. That would be something worth discussing.