Respected Sanjay Sir,
I’m your CFA L3 student and my question is on derivatives.
Why big investors like warren buffet, rakesh jhunjhunwala etc are not in favour of trading in derivatives ?
Infact sir maine padha h warren buffet said that derivatives is a weapon of mass destruction.
Because of the ideology of these investors, one question popped in my mind that –
Can we create reasonable wealth by trading in derivatives in long term ?
PS: sir I see myself as a derivatives trader in 1 to 2 years down the line when I will have sufficient funds and knowledge to trade (as secondary source of income).
Pls consider this superb advise from the best investor and trader I have ever met… Guddu sir