• The range of derivatives contracts is limited only by the imagination of man (or sometimes, so it seems, madmen). Say you want to write a contract speculating on the number of twins to be born in Nebraska in 2020. No problem-at a price, you will easily find an obliging counterparty.

    Warren Buffett (2009). “Warren Buffett on Business: Principles from the Sage of Omaha”, p.74, John Wiley & Sons
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