Saturday, March 04, 2006

Derivatives: a disaster waiting to happen?

Warren Buffett: 'Long ago, Mark Twain said: “A man who tries to carry a cat home by its tail will learn a lesson that can be learned in no other way.” If Twain were around now, he might try winding up a derivatives business. After a few days, he would opt for cats.' 2005 BRK Annual Report (PDF), p.10.


Post a Comment

<< Home