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<ul><li>Credited with the title ‘Oracle of Omaha’, <keyword id="8845306" type="UNKNOWN" weightage="20" keywordseo="warrant-buffet">Warrant Buffet</keyword> is an investing giant, business tycoon and also a philanthropist. </li><li>Bound for success in a very young age, <keyword id="30288" type="PERSON" weightage="20" keywordseo="Buffet">Buffet</keyword> bought his first stock when he was just 11 years and developed a wealth of over $53 from several businesses and investments. </li><li>Here are a few interesting facts about Buffet you had hardly known but will inspire you to consider him a role model. </li></ul>Though he started very young to build up on his fortune successfully, Warrant Buffet’s story was not a smooth one. Like many other achievers in life, Warren Buffet also had to suffer several setbacks that would have crippled anyone. Harvard Business School rejected him and later his father-in-law would tell he was bound to fail. Admired for his incredible achievements, Buffet is one of the largest investors and entrepreneurs in the world today. Warrant Buffet’s fame ensues from his startling achievements as well as philanthropic activities. Warrant Buffet first investment Buffet made the first investment of his life when he was just 11 years old. In 1942, he purchased the stocks of Cities Service opted for $38 per piece. Warrant Buffet first gains Right from his young age, Buffet used his hard work and tactful intelligence to carve his success story. Born and brought up in Omaha, Nebraska, Buffet made $175 per month by delivering The Washington Post every morning when he was only 16 years old. This income was much more than what most teachers made during those times. A few side gigs like selling collector stamps and used golf balls and buffing cars also helped him build on his earnings. By the age of 16, Warren Buffet made a wealth of $53,000. Harvard Business School rejected him When he applied to the Harvard Business School after passing out from the University of Nebraska, he was rejected. The school that would select him to join the university told Buffet, “Forget it. You’re not going to Harvard.” Later he funnily describes how he got an entry into the Columbia Business School. He wrote a letter to professors Benjamin Graham and David Dodd stating, “Dear Professor Dodd, I thought you guys were dead, but now that I found out that you're alive and teaching at Columbia, I would really like to come.” And, this letter fetched him an admission. Buffet stayed in the same house from 1958 In 1958, Warren Buffet bought a property in Omaha in a deal worth $31,500. He has ever since lived in this five-bedroom house instead of moving into mansions or vacation homes. He never invested in expensive cars even. His secret of staying young is eating like a 6-year kid While talking to Fortune, Buffet said one quarter of his body is made of Coca-Cola. He added, "If I eat 2,700 calories a day, a quarter of that is Coca-Cola. I drink at least five 12-ounce servings. I do it every day." His breakfast on many days would consist of a can of Utz potato sticks accompanied by a soda. On some other days, he would start his early morning with a cup of ice cream. Narrating how he managed to remain healthy with such salty and sugary food choices, he would say, "I checked the actuarial tables, and the lowest death rate is among 6-year-olds. So I decided to eat like a 6-year-old." He is one of the greatest philanthropists of all times Warrant Buffet is known to be one of the greatest philanthropists of all times as he dedicated a large sum of his wealth to support charitable works. Once he pledged 85 percent of his Berkshire Hathaway stocks to several charitable foundations. He gave away 99% of his wealth to support the activities of Bill &amp; Melinda Gates Foundation. Along with Bill Gates, Buffet founded ‘The Giving Pledge’ in 2009 which motivated billionaires to give away half of their fortunes to charities. He did not believe in passing on his wealth to his children Buffet strongly believed that a good father would not pass on his entire wealth to his children, rather the role of a good father is to make his kids independent and confident. After donating a huge portion of his wealth to charities, he wrote, "I want to give my kids just enough so that they would feel that they could do anything, but not so much that they would feel like doing nothing"

Interesting facts about Warren Buffett, The most Inspiring investor and philanthropist of all times

<ul class="summary-list"><li>The billionaire bond investor Jeffrey <keyword id="3474885" type="PERSON" weightage="60" keywordseo="gundlach">Gundlach</keyword> said <keyword id="6358963" type="DEFINITION" weightage="60" keywordseo="Warren-Buffett">Warren Buffett</keyword>'s ditching his entire stakes in US airlines corroborates the "economic genie is not going back in the bottle" thesis. </li><li>In a tweet Sunday, Gundlach said the airline bail is "a big deal" and related it to Buffett's doubling down on bank <keyword id="6354298" type="DEFINITION" weightage="60" keywordseo="Stocks">stocks</keyword> during the financial crisis.</li><li>A genie not going back into the bottle refers to the idea that once something has changed fundamentally it cannot change back.</li><li>Airlines have traditionally been seen as solid, reliable investments, but the coronavirus could change that forever.</li><li>At Berkshire Hathaway's annual general meeting on Saturday, <a href="https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-sold-airline-stocks-april-2020-5-1029156875">Buffett revealed that he had sold the "big four" airline stocks in April.</a></li><li><a href="https://www.businessinsider.com/?hprecirc-bullet">Visit Business Insider's homepage for more stories</a>.</li></ul>Famed investor Warren Buffett <a href="https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-sold-airline-stocks-april-2020-5-1029156875">sold all of his stocks in the "big four"</a> US airlines in April.Following this, Jeffrey Gundlach on Sunday identified Buffett's move by <a href="https://twitter.com/TruthGundlach/status/1257085677054746624">linking</a> it to the "economic genie is not going back in the bottle" thesis.Gundlach tweeted Sunday night saying:"Warren Buffet selling all of his airline stocks corroborates the "economic genie is not going back in the bottle" thesis. In late summer 2007 Warren doubled down on bank stocks (a bad call with hindsight benefit). So this airline bail now is a big deal."While Gundlach did not expand on what he meant by the theory, it is possible that he referred to the problem of volatility that an "economic genie" represents.A genie not going back into the bottle refers to the idea that once something has changed fundamentally it cannot change back.In this case, the genie likely characterises pension funds and institutional investors who seek to protect the interests of millions of ordinary people, and therefore steer clear from investments that suddenly seem too risky.<div type="image" title="Warren Buffett" height="1250" width="2500" msid="75533334" hostid="261"></div>Airlines have traditionally been seen as solid investments, with steady dividends and good stock performance, but the coronavirus pandemic could change that forever, an argument furthered by Buffett's withdrawal from the stocks.The genie could also be associated with hedge funds and insider traders who bet that particular stocks will be losers and welcome the volatility, knowing it increases opportunities for smart predation. On <a href="https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-sold-airline-stocks-april-2020-5-1029156875">letting go of his airline stakes</a>, Buffett said the companies are well-managed and the CEOs "did a lot of things right but the airline business ... changed in a very major way."Read More: <a href="https://www.businessinsider.com/stock-market-crash-history-since-1870-coronavirus-bear-rally-abnormal-2020-5">'Beware of the oddity': A Wall Street firm studied every market crash over the last 150 years to reveal how abnormal this one is — and concluded that stocks are doomed for another fall</a>Gundlach also said the airline bail "now is a big deal," while relating the scenario to Buffett's <a href="https://markets.businessinsider.com/news/stocks/warren-buffett-financial-crisis-bailouts-us-government-airline-investor-2020-4-1029104038?utm_source=markets&amp;utm_medium=ingestgest">doubling down on bank stocks</a> during the financial crisis.The Berkshire Hathaway boss handed billions in bailouts to Goldman Sachs and General Electric in 2008, and Bank of America in 2011, in return for warrants that allowed him to buy their shares at a fixed price in the future. Buffett exercised those warrants years later, raking in big profits.At Berkshire's <a href="https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-2020-annual-meeting-highlights-2020-5-1029156864?utm_source=markets&amp;utm_medium=ingestgest">annual general meet on Saturday</a>, Buffett discouraged people from selling stocks purely because their prices change."If you owned the businesses you liked prior to the virus arriving, it changed prices, but nobody's forcing you to sell," he said at the meeting.Read More: <a href="https://www.businessinsider.com/stock-picks-to-buy-high-dividend-yield-coronavirus-forces-cuts-2020-5">GOLDMAN SACHS: Buy these 13 stocks primed to keep delivering powerful dividends as their peers are forced to slash payouts</a>Read the original article on <a href="https://www.businessinsider.com/warren-buffett-dumping-airline-stocks-big-deal-jeff-gundlach-says-2020-5">Business Insider</a>

Bond king Jeff Gundlach says Warren Buffett's ditching of US airline stocks is a 'big deal' and means the 'genie is not going back in the bottle'

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"></div></div></div>"<a href="http://www.amazon.com/gp/product/B00VH7BLOO/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=B00VH7BLOO&amp;linkCode=as2&amp;tag=thebusiinsi-20&amp;linkId=HTZ4DXQFPAYEMO53">Dustoff 7-3</a>" by Chief Warrant Officer <a href="http://www.eriksabiston.com/">Erik Sabiston</a> details one crew's heroic medical evacuation missions during the US's military operation in Afghanistan.In this excerpt, Sabiston describes the scene just after the rescue helicopter crew Dustoff 7-3 successfully extracted the body of a soldier killed in action.David Capps, who is in charge of maneuvering the body inside the aircraft, quickly realizes they are in a compromised position that could lead to a crash. Capps was desperately struggling with the hoist cable as it raced towards our tail rotor propelled by our forward airspeed and the wind effect on the limp bodybag.He was sitting on the cabin floor with his legs dangling outside, hanging onto the hoist boom with one hand and struggling to control the cable with the other. He had no hands unoccupied that would allow him to key the ICS and let us know about the jeopardy.Julia Bringloe, another soldier on board, quickly understood Capps had a problem and jumped across the cabin to give him a hand."Talk to me, guys …" But they were too busy in the back while Kenny and I just kept accelerating and clawing for altitude.As Bringloe got to the cabin door, she could see Capps was in trouble. He was halfway out of the aircraft being buffeted hard by the wind and struggling desperately to get a firm grip on the hoist cable which was now sailing up toward our tail rotor with the empty bodybag inflated like a big, black parachute.If that bag or the steel cable contacted the tail rotor, we would promptly spin out of control and crash.<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"></div></div></div>While she tried to get a grip on Capps with one hand she keyed her ICS with the other. "Stop, stop … HOLD HOVER!"There was no questioning that. Something was seriously wrong back behind the cockpit.I pulled the cyclic into my gut and dumped the collective to the floor to stop the Blackhawk's forward progress and set up a hover.We were at 300 feet off the trees, and this was no time or place to be hanging around with enemy shooters on the ground.Bringloe was not the kind of soldier to get rattled unless it was something serious, so I made the adjustments to hold hover and waited for her to tell me what kind of trouble we had."The bag is heading for the tail rotor!" she said finally. "We're trying to recover it!" There was nothing Kenny or I could do from the cockpit except hope and pray they got control of the hoist cable in a hurry. I pulled the nose up another ten degrees hoping that might help. It was the wrong move.The tail boom lowered and nearly met the offending cable halfway as Capps mashed the hoist control pendant's reel in button with one hand and wrestled the steel cable with the other. He was fighting what looked like a losing battle. As the aircraft decelerated to hover, the cable swung closer to the tail boom.The excess cable and the body bag snagged briefly on the stabilator wing, just under the tail rotor.He tried for more tension on the cable and watched the bag slip from under the stabilator towards the spinning blades.A couple more feet and it would get caught in the tail rotor, destroying it instantly. Capps dropped the pendant and kicked out with his legs trying to get one hooked over the cable. His monkey-strap was all that was holding him to the bucking aircraft. He kicked and missed and then kicked again, inching ever farther outside the helicopter.<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"></div></div></div>He saw the bodybag whipping in the wind, nearly free of the stabilator wing and made one last desperate effort to hook the cablewith his legs.That one worked. He jerked back with his legs and got some slack in the cable that allowed him to get his hands on it.He had a modicum of control now and managed to pull the bodybag away from the tail rotor.Holding on to his purchase with all his strength, he fought to get his body back inside 9-4-4, where he'd have better leverage to pull.Bringloe wrapped her arms around him and fell backward pulling him inside.While she helped him wrestle the cable, Capps activated the reel-in button on the hoist for highest speed recovery. The crisis was past as they sat panting near the door and watched the cable spool back into the reel.When the flapping black bodybag that had nearly wrecked their ride was snagged on the cabin door handle, Capps just shook his head and leaned back outside to get it.Specialist David Capps had saved our lives."We're clear. Go!" Bringloe ordered in a nearly breathless croak. It was a while before we got a full report from her and Capps on what had happened and what they did to save us all.As they related the details, vastly understating David's heroic efforts, Kenny and I just listened, steering Dustoff 7-3 toward the next pick-up site and wondering how we got lucky enough to have soldiers like David Capps and Julia Bringloe on our crew. <h3><a href="http://www.feedyourneedtoread.com/feature/welcome-to-dustoff/">Read more stories from Chief Warrant Officer Erik Sabiston &gt;</a> </h3> Republished with permission from "<a href="http://www.amazon.com/gp/product/B00VH7BLOO/ref=as_li_tl?ie=UTF8&amp;camp=1789&amp;creative=390957&amp;creativeASIN=B00VH7BLOO&amp;linkCode=as2&amp;tag=thebusiinsi-20&amp;linkId=HTZ4DXQFPAYEMO53">Dustoff 7-3</a>" by Erik Sabiston.

The incredible story of how a group of US soldiers saved their helicopter from crashing in Afghanistan

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Interesting facts about Warren Buffett, The most Inspiring investor and philanthropist of all times

BI India Bureau

Bond king Jeff Gundlach says Warren Buffett's ditching of US airline stocks is a 'big deal' and means the 'genie is not going back in the bottle'

Shalini Nagarajan

The incredible story of how a group of US soldiers saved their helicopter from crashing in Afghanistan

Erik Sabiston, "Dustoff 7-3"

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