STE's Stocks Investing Journey

Financial Derivatives are 'Weapons of Mass Destruction"

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Publish date: Sun, 23 Aug 2020, 02:52 PM
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"The stock market is a device for transferring money from the impatient to the patient " by Warren Buffet.
"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' But why is he increasing his stake in BA ( Bank Of America )? This video may give you some ideas or clues.
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