Warren Buffett Saw The Derivatives Time Bomb Coming. India’s Retail Traders Built A Boom Around The Time Bomb

In 2002, Warren Buffett issued a warning that sounded almost apocalyptic. Derivatives, he wrote, were “time bombs” for those who dealt in them and for the wider economic system. He described them as potentially lethal instruments whose dangers could remain hidden until an event exposed their toxicity. More than two decades later, the warning has …