[My Takeaway]
Derivatives market is like a casino because the deal is just a little piece of paper between two people and at the end of the deal, it’s going to cause one of the two to have to do something painful, usually, which is to write a check to the other person.
Nevertheless, it is hard to win in a casino. So stay away from it.
[ Fortune Magazines - Warren's Derivatives Remark]
https://archive.fortune.com/magazines/fortune/fortune_archive/1995/04/03/224106/index.htm
[Biography - John D. Rockefeller]
https://www.biography.com/business-figure/john-d-rockefeller
[Full Videos of Berkshire Hathaway Annual Meeting 1995]
https://buffett.cnbc.com/1995-berkshire-hathaway-annual-meeting/
[ABOUT - Collection: Warren Buffett]
Whenever, I search up on fund managers that practice value investing. All of them done 1 common thing that is, they study whatever they can about Warren Buffett from his annual letters, annual meeting or even interviews. Hence, I decided to do the same and share it together with all of you so that we can learn and grow together :)
[My 2 Cents]
If both Warren and Charlie find derivatives hard and like they said derivatives have a huge gambling element in them, I think it will be wiser to stay away from it.
Recently, I've been caught advertising about online games. I don't usually go for it, do you? Of course I didn't get past her and tried some online games https://www.casinoidealer.nl/ . I don't think it will appeal to me that way. I like to feel that excitement, and especially if you're not bad at making money. As it turned out, many of my friends were already playing in the casino. How did you hear about the casino and how do you play it now?