A Simple Definition of Derivatives

There seems to be some confusion as to just what derivatives are, since many knowledgeable people have lost a lot of money on them.

I wish to offer an off-beat definition that should help clear up any misunderstanding about what they are.

Derivatives are securities that have been cut up, marked up and sold to customers who have been set up and held up by brokers who have been cleaning up while covering up their trading tracks.

ARTHUT HUNEVEN

Ojai