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The Business Insider is the #2 Blogger for Warren Buffett
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We invest within] a totally illogical system where we move money around and the middlemen--or what Warren Buffett calls the "helpers"--are the only ones getting wealthy. 2.50% pa to give you a 0.95 beta to the SPX is criminal. "But in the meantime, ...
In a 2002 open letter from U.S. financier, Warren Buffett to his Berkshire Hathaway shareholders, Buffett, one of the richest people in the U.S., warned his shareholders to avoid 'derivatives'. which he described as "time bombs, both for the parties that deal in them, and the economic system....
Thu, Oct 16 | from Bay Area Indymedia