Jun 26 2013 | 2:10pm ET
The words of the Financial Times' James Morgan tell you all you need to know about derivatives, according to V2 Capital founder and chief investment officer Victor Viner: “A derivative is like a razor. You can use it to shave yourself… or you can use it to commit suicide.”
Viner uses the quote when pitching his fund—a strategy that is long equities, short index options. Viner says it's a response to those—like Warren Buffet, who once characterized derivatives as “weapons of mass destruction”—who look at the complex financial tools and see only risk.
Dec 5 2013 | 9:51am ET
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