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The Berkshire and Goldman deal was, but Goldman plays in derivatives. Where are the fundamentals there? Or when is Goldman going to announce their new busine
by Nelson69 17y ago
The Berkshire and Goldman deal was, but Goldman plays in derivatives. Where are the fundamentals there? Or when is Goldman going to announce their new business model?
You'd hope someone like Buffet, with his cache and savvy could suggest some reasonable ways to end "too big to fail." All things right now make me think we'll have another bust in a couple years, nothing is fundamentally different.
- DaniFong 17y agoYou cannot avoid playing in derivatives. Do you have a bank account? Do you own U.S. currency? Is all of your wealth in gold? In any of these cases the price is set by the market and strongly effected by derivative trades. You need to understand derivatives just to do a reasonable job avoiding them.