Warren Buffett Plays With Derivatives, Makes $7.5B: Triana

In the first nine months of 2013, Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) made derivative gains of $1,361M, according to its earnings release. That may be minuscule in the context of its operating earnings of $11,363M in the same period, but is certainly not to be sneezed at. You’d be forgiven for a double take at those figures. Buffett…and derivatives? People would generally assume that the author of that very expressive quote on derivatives (“financial weapons of mass destruction”) would keep his distance from them. It appears that is not quite correct – not only does Buffett have the loathsome things…