Warren Buffett's "relationship with derivatives is more complicated than it first seems," Matt Phillips writes. Buffett is being portrayed as the leader of a push to soften elements of derivatives regulation being considered by the Senate as part of proposed regulatory reform legislation, but his stance has changed from time to time. "So exactly where does Buffett stand on derivatives? It's simple, he stands -- as most business people do -- where he thinks he has to in order to get the most out of his portfolio," Phillips writes.
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