Warren Buffett Just Unloaded $195 Million Worth of These “Weapons of Mass Destruction” — Fortune

The Oracle of Omaha is taking his own advice when it comes to derivatives, after being scalded by the complex financial instrument in 2008. Warren Buffett, the famed CEO of Berkshire Hathaway brk.a , paid $195 million in June in order to terminate Berkshire’s final contract in which Buffett insurance and investing conglomerate sold protection…

via Warren Buffett Just Unloaded $195 Million Worth of These “Weapons of Mass Destruction” — Fortune

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