A visualisation of all of the money in the world

Re:A visualisation of all of the money in the world by criley2 on Friday December 18, 2015 @01:35PM (#10760036)

"But of course newspapers and grotty rags like to perpetuate this narrative that derivatives are going to blow up the world."

It's no secret that Warren Buffet is strongly against these derivative products and considers them to be one of the most dangerous financial products in history.

So why is he "perpetuating the narrative" as you dismissively claim?

I want to bring him up because you're hiding behind attacking the newspaper and "rags", so let's instead point to one of the most successful investors in modern history who agrees.

Why is he wrong? Please don't hide behind dismissal and attacks, as a man of Warren Buffets caliber has proven through real world demonstration that he possess a vast understanding of these markets and products.

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Re:A visualisation of all of the money in the world by cheez on Friday December 18, 2015 @07:21PM (#10761963)

Something as simple as a swap is a derivative. Swaps are common and no doubt some of Warren Buffet's businesses use FX swaps to avoid being exposed to currency fluctuations.

What would be intensely interesting would be if that derivatives number was broken down by type of derivative. That would be something worth discussing.

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Re:A visualisation of all of the money in the world by steveplace on Friday December 18, 2015 @09:08PM (#10762300)

Buffett trades derivatives.

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Re:A visualisation of all of the money in the world by hodwik on Sunday December 20, 2015 @10:15AM (#10767226)

Buffet doesn't like what he can't value.

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