Buffet’s Financial Excerpt Analysis

1.Read the following articles/excerpts: Buffett, W.E. (2002). Warren Buffett’s 2002 Letter to Berkshire Shareholders. Read the section on “Derivatives” pp. 13-15 Buffett, W.E. and Munger, C.T. (2016). 2016 Berkshire Hathaway Annual Shareholders Meeting. Watch/read the “15. Derivatives still a danger to the system” section Wigglesworth, R., Henderson, R., and Platt, E. (2020, July 2). The lockdown death of a 20-year-old day trader. Financial Times Question for discussion: Comment on why Warren Buffett considers derivatives as “financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal.”