Berkshire Hathaway Annual Shareholder Meetings (since 1994) cover image

2001-Afternoon Session-BRK Annual Shareholders Meeting

Berkshire Hathaway Annual Shareholder Meetings (since 1994)

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The Derivatives Business Is a Dangerous Business

i think we also have what might be called oddball personal ideas of mark burn and i'm quite comfortable with those as you get away from that into more standardized derivative trading businesses. yet the derivatives business has the very significant problem that the accounting profession sold out the accounting is uh... it's worth reading roger lo and steams book entitled when genius failed because it touches on some of the problems  we've described charlie and i are are apprehensive about, he says.

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