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Which big mismarked derivative was Buffett referring to at the 2016 annual?


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At this years Berkshire Annual meeting Buffett mentioned a large derivative mismarking.


Anyone have any idea which one he was referring to? 


“Some of these things get so complicated they’re very hard to evaluate... I know one that’s so mismarked it would blow your mind, and the auditors I don’t think are necessarily capable of holding that behaviour in check,” he said.



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