The original intention of futures is good, but human nature will unconsciously turn it into a gambling tool, and people will be more and more keen on betting on the short-term fluctuations of the stock market. In the long run, this will cause obvious harm to the capital market.
Buffett thinks that stock index futures are a good tool for professional investors ... but for most ordinary investors, this is not good ... As futures companies, they will also find ways to make ordinary investors fast forward and fast out ... Only in this way can they earn trading commissions, because such fees are the only source of income for futures companies. ....
I hope I can change your view on futures. ....