Följ länken till världens “största” finans stämma. Avsnittet om derivat får en att småle när Mr Buffet tidagre under åren sagt; “Derivatives are weapons of mass destruction”. Undrar var han kan stänga nedanstående derivatpositioner?
“Our continuing positions, all of which I am personally responsible for, fall largely into two categories.”
“On our yearend balance sheet, however, we carry the liability for those remaining equity puts at $6.7 billion. In other words, if the prices of the relevant indices remain unchanged from that date, we will record a $2.9 billion gain in the years to come, that being the difference between the liability figure of $6.7 billion and the settlement value of $3.8 billion. I believe that equity prices will very likely increase and that our liability will fall significantly between now and settlement date. If so, our gain from this point will be even greater. But that, of course, is far from a sure thing.”