The Traderszone Network

Published in TZ Latest News 7 May, 2015 by The TZ Newswire Staff

Buffett Climbs From Derivative Hole

Warren Buffett’s derivatives wagers sapped earnings during the financial crisis at his Berkshire Hathaway Inc. and were part of the reason the company lost its triple-A credit rating. Liabilities on the contracts shrunk to $3.5 billion on March 31 from about $15 billion six years earlier.