
1994-Morning Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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Derivatives Are Not Going to Go Away, Is It?
The ability to borrow enormous amounts of money combined with a chance to get either very rich or very poor, very quickly, has historically been a recipe for trouble at some point. Derivities are not going to go away. They serve useful purposes and all of that. But I'm just saying that it has that potential. We've seen a little bit of that. And any time you go from selling soap to writing puts on bonds, you've made a big jump. Yeah. No. Is there anything you would like to add to your already extensive remarks? No. In that case, we'll go to zone two. My name is Hugh Stevenson. Your question involves the company's investment in
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