Carol Loomis has written a “must read” article on derivatives which appears in the July 6 issue of Fortune Magazine as well as online at Fortune.com. At a time when regulation of derivatives is a major focus in Washington, it is useful to step back and take a deeper look at the events of the past several years to understand the depth of the problem and the complexities awaiting those who would try to reduce the overall level of systemic risk inherent in these complex instruments. This article provides a few excepts and comments from the article along with my views on how investors can manage risks associated with derivatives.
While researching another topic on the Fortune Magazine website, I found an interesting interview with Carol Loomis which was recorded prior to the Berkshire Hathaway annual meeting. As most Berkshire Hathaway shareholders know, Carol Loomis is a longtime friend of
I found a recent article by Carol Loomis regarding AIG’s continuing troubles to be quite interesting. As most Berkshire Hathaway shareholders know, Carol Loomis is a longtime friend of Warren Buffett and also edits his annual letter each year. Read this post for more details.