--- title: "3 Mass destruction Quotes By Warren Buffett" description: "3 Mass destruction quotes by Warren Buffett. Plus more from Warren Buffett and more Mass destruction sayings from other authors." image: "https://sms4smile.com/quotes/i/a7d/warren-buffett-183_customer_derivatives-are-financial-weapons-of-mas_1524613.png" --- > [Derivatives are financial weapons of mass destruction.](https://sms4smile.com/quotes/warren-buffett/derivatives-are-financial-weapons-of-mass-destruction/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) [Image](https://sms4smile.com/quotes/i/a7d/warren-buffett-183_customer_derivatives-are-financial-weapons-of-mas_1524613.png) > [I mean there is no capital requirements to it or anything of the sort. And basically, I said there were possibly financial…](https://sms4smile.com/quotes/warren-buffett/i-mean-there-is-no-capital-requirements-to-it-or-anything-of-the-sort/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) [Image](https://sms4smile.com/quotes/i/2e6/warren-buffett-183_bears_i-mean-there-is-no-capital-requirements_2427599.jpg) > [In our view, derivatives are financial weapons of mass destruction carrying dangers that, while latent, are potentially lethal.](https://sms4smile.com/quotes/warren-buffett/in-our-view-derivatives-are-financial-weapons-of-mass-destruction/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) [Image](https://sms4smile.com/quotes/i/b71/warren-buffett-183_business_in-our-view-derivatives-are-financial-we_2836096.png) ## Other authors on Mass destruction - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b010/author-george-w-bush-38036.jpg) George W. Bush 20 quotes ](https://sms4smile.com/quotes/about/mass-destruction/george-w-bush/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b007/author-colin-powell-24831.jpg) Colin Powell 12 quotes ](https://sms4smile.com/quotes/about/mass-destruction/colin-powell/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b008/author-donald-rumsfeld-30046.jpg) Donald Rumsfeld 10 quotes ](https://sms4smile.com/quotes/about/mass-destruction/donald-rumsfeld/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b008/author-dennis-kucinich-28734.jpg) Dennis Kucinich 10 quotes ](https://sms4smile.com/quotes/about/mass-destruction/dennis-kucinich/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b013/author-john-f-kerry-51347.jpg) John F. Kerry 9 quotes ](https://sms4smile.com/quotes/about/mass-destruction/john-f-kerry/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b003/author-allan-rock-11724.jpg) Ari Fleischer 7 quotes ](https://sms4smile.com/quotes/about/mass-destruction/ari-fleischer/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b024/author-william-j-clinton-95571.jpg) William J. Clinton 5 quotes ](https://sms4smile.com/quotes/about/mass-destruction/william-j-clinton/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b024/author-vladimir-putin-94037.jpg) Vladimir Putin 5 quotes ](https://sms4smile.com/quotes/about/mass-destruction/vladimir-putin/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b023/author-tony-blair-91771.jpg) Tony Blair 5 quotes ](https://sms4smile.com/quotes/about/mass-destruction/tony-blair/) - [ ![](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b008/author-dick-cheney-29326.jpg) Dick Cheney 5 quotes ](https://sms4smile.com/quotes/about/mass-destruction/dick-cheney/) ## More by Warren Buffett > [To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insights, or inside information. What's needed is a sound intellectual…](https://sms4smile.com/quotes/warren-buffett/to-invest-successfully-over-a-lifetime-does-not-require-a/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [“Be fearful when others are greedy, and be greedy when others are fearful.”](https://sms4smile.com/quotes/warren-buffett/be-fearful-when-others-are-greedy-and-be-greedy-when-others-are/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [Making money isn't the backbone of our guiding purpose; it is the by-product of our guiding purpose.](https://sms4smile.com/quotes/warren-buffett/making-money-isn-t-the-backbone-of-our-guiding-purpose-it-is-the-by/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [We set no volume goals in our insurance business generally-and certainly not in reinsurance-as virtually any volume can be achieved if profitability standards are…](https://sms4smile.com/quotes/warren-buffett/we-set-no-volume-goals-in-our-insurance-business-generally-and/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [Everybody's got a different circle of competence. The important thing is not how big the circle is. The important thing is staying inside the…](https://sms4smile.com/quotes/warren-buffett/everybody-s-got-a-different-circle-of-competence-the-important-thing/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [It is better to point out your own mistakes than have somebody else do it.](https://sms4smile.com/quotes/warren-buffett/it-is-better-to-point-out-your-own-mistakes-than-have-somebody-else/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [I've read about all the sales today. If you're an auto dealer, you're feeling it. If you're a furniture retailer like we are, you're…](https://sms4smile.com/quotes/warren-buffett/i-ve-read-about-all-the-sales-today-if-you-re-an-auto-dealer-you-re/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [I was lucky enough to be born in a time and place where society values my talent, and gave me a good education to…](https://sms4smile.com/quotes/warren-buffett/i-was-lucky-enough-to-be-born-in-a-time-and-place-where-society/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [The most common cause of low prices is pessimism - some times pervasive, some times specific to a company or industry. We want to…](https://sms4smile.com/quotes/warren-buffett/the-most-common-cause-of-low-prices-is-pessimism-some-times-pervasive/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [The reaction of weak management to weak operations is often weak accounting.](https://sms4smile.com/quotes/warren-buffett/the-reaction-of-weak-management-to-weak-operations-is-often-weak/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [What you really want to do in investments is figure out what's important and knowable. If it's unimportant or unknowable you forget about it.](https://sms4smile.com/quotes/warren-buffett/what-you-really-want-to-do-in-investments-is-figure-out-what-s/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [I don't measure my life by the money I've made. Other people might, but certainly don't.](https://sms4smile.com/quotes/warren-buffett/i-don-t-measure-my-life-by-the-money-i-ve-made-other-people-might-but/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [I mean the truth is, I've never had it so good in terms of taxes. I am paying the lowest tax rate that I've…](https://sms4smile.com/quotes/warren-buffett/i-mean-the-truth-is-i-ve-never-had-it-so-good-in-terms-of-taxes-i-am/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the…](https://sms4smile.com/quotes/warren-buffett/the-most-important-quality-for-an-investor-is-temperament-not/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) > [Investors, of course, can, by their own behavior make stock ownership highly risky. And many do. Active trading, attempts to "time" market movements, inadequate…](https://sms4smile.com/quotes/warren-buffett/investors-of-course-can-by-their-own-behavior-make-stock-ownership/) [Warren Buffett](https://sms4smile.com/quotes/author/warren-buffett/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "ItemList", "@id": "https://sms4smile.com/quotes/about/mass-destruction/warren-buffett/#itemlist", "name": "3 Mass destruction Quotes By Warren Buffett", "numberOfItems": 3, "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@type": "Quotation", "text": "Derivatives are financial weapons of mass destruction.", "creator": { "@type": "Person", "name": "Warren Buffett" }, "url": "https://sms4smile.com/quotes/warren-buffett/derivatives-are-financial-weapons-of-mass-destruction/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/a7d/warren-buffett-183_customer_derivatives-are-financial-weapons-of-mas_1524613.png", "contentUrl": "https://sms4smile.com/quotes/i/a7d/warren-buffett-183_customer_derivatives-are-financial-weapons-of-mas_1524613.png", "url": "https://sms4smile.com/quotes/i/a7d/warren-buffett-183_customer_derivatives-are-financial-weapons-of-mas_1524613.png", "width": 1080, "height": 1080, "caption": "“Derivatives are financial weapons of mass destruction.” — Warren Buffett", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 2, "item": { "@type": "Quotation", "text": "I mean there is no capital requirements to it or anything of the sort. And basically, I said there were possibly financial weapons of mass destruction, and they had them. They destroyed AIG. They certainly contributed to the destruction of Bear Sterns and Lehman. Although Lehman had other problems, too.", "creator": { "@type": "Person", "name": "Warren Buffett" }, "url": "https://sms4smile.com/quotes/warren-buffett/i-mean-there-is-no-capital-requirements-to-it-or-anything-of-the-sort/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/2e6/warren-buffett-183_bears_i-mean-there-is-no-capital-requirements_2427599.jpg", "contentUrl": "https://sms4smile.com/quotes/i/2e6/warren-buffett-183_bears_i-mean-there-is-no-capital-requirements_2427599.jpg", "url": "https://sms4smile.com/quotes/i/2e6/warren-buffett-183_bears_i-mean-there-is-no-capital-requirements_2427599.jpg", "width": 1080, "height": 1080, "caption": "“I mean there is no capital requirements to it or anything of the sort. And basically, I said there were…” — Warren Buffett", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 3, "item": { "@type": "Quotation", "text": "In our view, derivatives are financial weapons of mass destruction carrying dangers that, while latent, are potentially lethal.", "creator": { "@type": "Person", "name": "Warren Buffett" }, "url": "https://sms4smile.com/quotes/warren-buffett/in-our-view-derivatives-are-financial-weapons-of-mass-destruction/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/b71/warren-buffett-183_business_in-our-view-derivatives-are-financial-we_2836096.png", "contentUrl": "https://sms4smile.com/quotes/i/b71/warren-buffett-183_business_in-our-view-derivatives-are-financial-we_2836096.png", "url": "https://sms4smile.com/quotes/i/b71/warren-buffett-183_business_in-our-view-derivatives-are-financial-we_2836096.png", "width": 1080, "height": 1080, "caption": "“In our view, derivatives are financial weapons of mass destruction carrying dangers that, while latent, are…” — Warren Buffett", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } } ] }, { "@type": "CollectionPage", "@id": "https://sms4smile.com/quotes/about/mass-destruction/warren-buffett/#webpage", "url": "https://sms4smile.com/quotes/about/mass-destruction/warren-buffett/", "name": "Mass destruction Quotes by Warren Buffett", "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "mainEntity": { "@id": "https://sms4smile.com/quotes/about/mass-destruction/warren-buffett/#itemlist" }, "primaryImageOfPage": { "@id": "https://sms4smile.com/quotes/i/a7d/warren-buffett-183_customer_derivatives-are-financial-weapons-of-mas_1524613.png" }, "description": "3 Mass destruction quotes by Warren Buffett. Plus more from Warren Buffett and more Mass destruction sayings from other authors.", "breadcrumb": { "@id": "https://sms4smile.com/quotes/about/mass-destruction/warren-buffett/#breadcrumb" } }, { "@type": "BreadcrumbList", "@id": "https://sms4smile.com/quotes/about/mass-destruction/warren-buffett/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Topics", "item": "https://sms4smile.com/quotes/categories/" }, { "@type": "ListItem", "position": 4, "name": "Mass Destruction", "item": "https://sms4smile.com/quotes/about/mass-destruction/" }, { "@type": "ListItem", "position": 5, "name": "Warren Buffett", "item": "https://sms4smile.com/quotes/about/mass-destruction/warren-buffett/" } ] }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```