
1995-Morning Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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The Future of Derivatives
We have two types of transactions and I do understand them. There are times when there are things that we would want to do not often but there would be times when they could be best accomplished by a transaction involving a derivative security. We're probably more concerned about counterparty risk than most people might be. It is really hard to conceive of how any business purpose could be solved by the creation of those instruments.
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