Derivatives Are Complicated, Unnecessary to Know About

Matt Levine is back on NPR’s Planet Money blog talking about being a banker, and this time he is explaining derivatives. He only uses three graphs and four footnotes, which is promising. But my very favorite quote is the most promising of all: “But if you don’t want to trade derivatives on Wall Street, there is no particularly burning need for you to learn about those things.” That’s all I need. Thank you, Matt. We’re done here.

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