[0:00]
QuestionerWould you comment on the use of derivatives?
WarrenIt's a very broad subject. It, as we said last year, I think someone asked what might be the big financial story of the 90s. And we said, we obviously don't know, but that if we had to pick a topic, that it could well be derivatives. Because they lend themselves to the use of unusual amounts of leverage. And they're sometimes not completely understood. not completely understood by the people involved, and any time you combine ignorance and borrowed money, you can get some pretty interesting consequences. The ability to borrow enormous amounts of money, combined with the chance to get either very rich or very poor very quickly, has historically been a recipe for trouble at some point. Derivities are not going to go away, they serve useful purposes and all of that, but I'm just saying that it has that particular. It has that potential. And we've seen a little bit of that. I can't think of anything that we've done that would... Do you think of anything we do that approaches derivatives, Charlie, directly?
CharlieNo. I may have to cut him off if he talks too long.
QuestionerIs there anything you would like to add to your already extensive remarks?
CharlieNo.
WarrenNo.
QuestionerOkay.