What is a credit default swap?
Warren Buffett famously described 'derivatives' like CDS as 'financial weapons of mass destruction'. Here is a description of how they work.
The Big Short: Inside the Doomsday Machine
Warren Buffett Invests Like a Girl: And Why You Should, Too (Motley Fool)
The Big Short: Inside the Doomsday Machine
Warren Buffett Invests Like a Girl: And Why You Should, Too (Motley Fool)