Financial Derivatives are 'Weapons of Mass Destruction"
"WMD = Weapons Of Mass Destruction " ! This might be the reason why Warren Buffett sold all his shares of GS( Goldman Sachs) and reducing his holding in JP Morgan in recent portfolio rebalancing. Warren Buffett still says derivatives are 'weapons of mass destruction' <source:Furtune.com> But why is he increasing his stake in BA ( Bank Of America )? This video may give you some ideas or clues. <Video Credit: C&K GO!> Further reading : This corner of Wall Street is making a mint for JPMorgan and Goldman as the stock market tanks. <source:cnn.com> "Amid the wreckage in global stock markets this week as panic over the spread of coronavirus w...
