Going to first principles: there could not have been a casino (options, derivatives, price speculation) without a company first; the business preceded the speculation, and derivatives are built on top of underlying assets.

factualpending

Speaker

Bogamill Baronowski

Evidence Quote

there couldn't have been a casino without a company

Source

Warren Buffett Published His Whole Playbook | Robert Hagstrom on Why Only One Tenth of 1% Uses ItExcess Returns
Created: 8/12/2026, 6:12:15 PM

My Notes

Loading notes...