March 6, 2016 Two hundred years have passed since  president Jefferson wrote this (excerpted) letter. Not only have we not acted to reduce the risk of total collapse of our financial system, it’s far worse than he could have possibly imagined -and there’s no relief in sight. Today our largest … Continue reading →

    Excerpt from Warren Buffett’s 2002 Letter to Shareholders explaining what derivatives are and why he considers them “financial weapons of mass destruction.” ”Derivatives, in fact, deserve an extensive look, both in respect to the accounting their users employ and to the problems they may pose for both individual … Continue reading →