Florida State University Law Review 

In his famous words to the shareholders of his company in 2002, Warren Buffet, a man whose name resonates with many households as an extremely wealthy investment guru, condemned derivatives as “financial weapons of mass destruction.” Buffet made this comment in the context of Berkshire Hathaway’s own institutional investment dealings in regulated areas of derivatives, such as futures and options, where he has employed top analysts from across the country to utilize these investment vehicles to hedge against risk.

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