In a message dated 3/9/2003 12:48:40 AM Eastern Standard Time, [EMAIL PROTECTED] writes:
"We try to be alert to any sort of megacatastrophe risk, and that
posture may make us unduly apprehensive about the burgeoning quantities
of long-term derivatives contracts and the massive amount of
In a message dated 3/8/2003 10:49:33 PM Eastern Standard Time, [EMAIL PROTECTED] writes:
Thanks to the efforts of Eliot Spitzer, the New York attorney whose
investigations into banks unearthed some of the worst excesses, those that
remain have had to clean up their act. Most of the big firms have
Here are some notes I took from Warren Buffett's letters to his
stockholders, regarding the funny finance behind the swindles.
http://www.berkshirehathaway.com/2002ar/2002ar.pdf
Charlie and I are of one mind in how we feel about derivatives and the
trading activities that go with them: We view
