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Derivatives the new 'ticking bomb'
- xirium 19y agoThis isn't new. The article investigates a Warren Buffett prediction with five years of hindsight. Indeed, when Buffett's Gen Re started unwinding its derivatives five years ago, some thought derivatives would be the primary source of a financial meltdown. I believe at the time that Buffett was most concerned that a large and permanent shift in major exchange rates would eliminate small margins of profit.