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Home Financial Derivatives are financial weapons of mass destruction.

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Derivatives are financial weapons of mass destruction.

Polly, November 28, 2014

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-Warren Buffett

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Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.

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When you combine ignorance and leverage, you get some pretty interesting results.

Polly

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As individuals, people are inherently good. I have somewhat more pressimistic view of peoplein groups. And I remain extremely concerned when I see what’s happening in our country, which is in many ways the luckiest place in the world. We don’t seem to be excited about making our country a better place for our kids.

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I’m sorry, it’s true. Having children really changes your view on these things. We’re born, we live for a brief instant, and we die. It’s been happening for a long time. Technology is not changing it much -if at all.

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It’s not like I’m Anti-China. I just think it’s rediculous that we allow them to do what they’re doing to this country, with the manipulation of the currency, that you write about and understand, and all of the other things that they do.

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Nothing is easy, But who wants nothing? Your financial intelligence is great than that!

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