1982 Buffett letter to Cong. Dingell on Derivatives

Another Buffett hypocrisy alert!

This 1982 letter that inveighs against the use of index derivatives.  Recenlty Buffett heavily lobbied Congress to exclude provisions in the financial reform bill that would force Berkshire to pony up more capital for its short index derivative (puts) position… courtesy of Forbes:

1982 Buffet Letter

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