Berkshire Hathaway Inc (BRK.B)

[bar1080]

"Triple-X ETFs Now Taboo at Vanguard as Regulators Look Other Way"

"Some financial products are so risky that big firms sometimes decide not to sell them despite their popularity -- out of fear that customers will end up with such devastating losses that refunds are sought, lawsuits are filed or tales of woe are peddled to a sympathetic news reporter. Vanguard Group, the $5.1 trillion money manager, said this week that starting on Jan. 22 it will stop selling the ETFs, which use complex financial engineering to amplify market returns, using a concept known as "leverage." In addition to banning the the so-called leveraged ETFs, Vanguard will also halt sales of "inverse ETFs," which use similar financial-engineering techniques to provide investors with fat gains whenever stocks fall. "

https://finance.yahoo.com/m/ff9927d6-97e8-3777-8467-a7bc557fff45/triple-x-etfs-now-taboo-at.html