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— Warren Buffett"Derivatives are like sex. It's not who we're sleeping with, it's who they're sleeping with that's the problem."
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What we have found over the years in the marketplace is that derivatives have been an extraordinarily useful vehicle to transfer risk from those who shouldn't be taking it to those who are willing to and are capable of doing so.
— Alan Greenspan
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By far the most significant event in finance during the past decade has been the extraordinary development and expansion of financial derivatives.
— Alan Greenspan
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