Tag: back

How to Stay Out of Debt: Warren Buffett – Financial Future of American Youth (1999)

Buffett became a billionaire on paper when Berkshire Hathaway began selling class A shares on May 29, 1990, when the market closed at $7,175 a share. More on Warren Buffett: https://www.amazon.com/gp/search?ie=UTF8&tag=tra0c7-20&linkCode=ur2&linkId=9113f36df9f914d370807ba1208bf50b&camp=1789&creative=9325&index=books&keywords=Warren%20Buffett

In 1998, in an unusual move, he acquired General Re (Gen Re) for stock. In 2002, Buffett became involved with Maurice R. Greenberg at AIG, with General Re providing reinsurance. On March 15, 2005, AIG’s board forced Greenberg to resign from his post as Chairman and CEO under the shadow of criticism from Eliot Spitzer, former attorney general of the state of New York. On February 9, 2006, AIG and the New York State Attorney General’s office agreed to a settlement in which AIG would pay a fine of $1.6 billion. In 2010, the federal government settled with Berkshire Hathaway for $92 million in return for the firm avoiding prosecution in an AIG fraud scheme, and undergoing ‘corporate governance concessions’.

In 2002, Buffett entered in $11 billion worth of forward contracts to deliver U.S. dollars against other currencies. By April 2006, his total gain on these contracts was over $2 billion. In 2006, Buffett announced in June that he gradually would give away 85% of his Berkshire holdings to five foundations in annual gifts of stock, starting in July 2006. The largest contribution would go to the Bill and Melinda Gates Foundation. In 2007, in a letter to shareholders, Buffett announced that he was looking for a younger successor, or perhaps successors, to run his investment business. Buffett had previously selected Lou Simpson, who runs investments at Geico, to fill that role. However, Simpson is only six years younger than Buffett.

Buffett ran into criticism during the subprime crisis of 2007–2008, part of the late 2000s recession, that he had allocated capital too early resulting in suboptimal deals. “Buy American. I am.” he wrote for an opinion piece published in the New York Times in 2008. Buffett has called the 2007–present downturn in the financial sector “poetic justice”. Buffett’s Berkshire Hathaway suffered a 77% drop in earnings during Q3 2008 and several of his recent deals appear to be running into large mark-to-market losses.

Berkshire Hathaway acquired 10% perpetual preferred stock of Goldman Sachs. Some of Buffett’s Index put options (European exercise at expiry only) that he wrote (sold) are currently running around $6.73 billion mark-to-market losses. The scale of the potential loss prompted the SEC to demand that Berkshire produce, “a more robust disclosure” of factors used to value the contracts. Buffett also helped Dow Chemical pay for its $18.8 billion takeover of Rohm & Haas. He thus became the single largest shareholder in the enlarged group with his Berkshire Hathaway, which provided $3 billion, underlining his instrumental role during the current crisis in debt and equity markets.

In 2008, Buffett became the richest man in the world, with a total net worth estimated at $62 billion by Forbes and at $58 billion by Yahoo, dethroning Bill Gates, who had been number one on the Forbes list for 13 consecutive years. In 2009, Gates regained the position of number one on the Forbes list, with Buffett second. Their values have dropped to $40 billion and $37 billion, respectively, Buffett having lost $25 billion in 12 months during 2008/2009, according to Forbes.

In October 2008, the media reported that Warren Buffett had agreed to buy General Electric (GE) preferred stock. The operation included extra special incentives: he received an option to buy 3 billion GE at $22.25 in the next five years, and also received a 10% dividend (callable within three years). In February 2009, Buffett sold some of the Procter & Gamble Co, and Johnson & Johnson shares from his portfolio.

In addition to suggestions of mistiming, questions have been raised as to the wisdom in keeping some of Berkshire’s major holdings, including The Coca-Cola Company (NYSE:KO) which in 1998 peaked at $86. Buffett discussed the difficulties of knowing when to sell in the company’s 2004 annual report:

That may seem easy to do when one looks through an always-clean, rear-view mirror. Unfortunately, however, it’s the windshield through which investors must peer, and that glass is invariably fogged.


3 Supplements You Aren't Taking BUT Should Be! (Not Sponsored*)

We hear about the same 2 or 3 science backed supplements over and over… are there any others with solid evidence?

This was a totally unscripted exchange between Ben and I (I didn’t even prompt him on the questions!) Check out his awesome channel: https://www.youtube.com/user/BCPersonalTraining

Watch my most popular science videos: https://www.youtube.com/playlist?list=PLp4G6oBUcv8z7yIq95QM2zVl1h33gfhDr


The “Basic” 3:

▹ Creatine:
Learn more: https://www.youtube.com/watch?v=QSPmsqYRL2Y
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▹ Whey Protein:
Learn more: https://youtu.be/IR5jW9iNNiw?t=56s
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Powder: https://pescience.com/collections/protein/products/select-protein
Bars: https://pescience.com/collections/protein/products/select-protein-bar
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▹ Caffeine:
Learn more: https://youtu.be/IR5jW9iNNiw?t=2m40s
My recommended pre-workout:
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The 3 “Extras”

▹ Turmeric Extract (Curcumin)
Learn more: https://examine.com/supplements/curcumin/

▹ Fish Oil
Learn More: https://examine.com/supplements/fish-oil/
My recommended fish oil supplement: https://pescience.com/collections/health-wellness/products/omega-3
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▹ Ashwagandha
Learn more: https://examine.com/supplements/ashwagandha/
My recommended Ashwagandha product (Multivitamin/multimineral):
Men’s: https://pescience.com/collections/health-wellness/products/trumulti-mens
Women’s: https://pescience.com/collections/health-wellness/products/trumulti-womens
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Supplements Part 1



Edited by me using Final Cut Pro X


About me: I’m a Canadian natural pro bodybuilder and internationally-qualified powerlifter with a BSc in biochemistry/chemistry and a passion for science. I’ve been training for 12 years drug-free. I’m 5’5 and fluctuate between 160 lbs (lean) and 180 lbs (bulked).


Disclaimers: Jeff Nippard is not a doctor or a medical professional. Always consult a physician before starting any exercise program. Use of this information is strictly at your own risk. Jeff Nippard will not assume any liability for direct or indirect losses or damages that may result from the use of information contained in this video including but not limited to economic loss, injury, illness or death.

*This video is not sponsored. PEScience is my supplement sponsor however they are not running a paid promotion on this video nor are specific products endorsed in the video. Product recommendations are made in the description box.


Jeff Nippard’s Signature Stack ➢ https://pescience.com/collections/stack-save/products/jeff-nippards-training-stack ▹ Use Code ▹ JEFF ▹ 30% off my signature stack and all PES products

Stack Includes:
▹ Select Protein (Whey + Casein Blend)
▹ Prolific Pre-Workout (Caffeine, L-Citrulline, L-Theanine)
▹ TruMulti (Multivitamin formulated for athletes)
‣ Contains: Ashwagandha

Other Recommended Products:

▹ https://pescience.com/trucreatine
‣ Creatine Anhydrous 3,000 mg

High Volume
▹ https://pescience.com/high-volume
‣ L-Citrulline 4,000 mg
‣ Performance Pump Matrix
‣ Taurine
‣ Glycerol 65% (HydroMAX™)
‣ Ferula Asafoetida (Root) Extract (95% Ferulic Acid) 3,750 mg
‣ Arginine Nitrate (NO3-T™) 2,000 mg
‣ Agmatine Sulfate 1,000 mg

Women’s TruMulti
▹ https://pescience.com/trumulti-womens


Editing Software: Final Cut Pro X
All videos are filmed and edited by me

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‣ https://www.ncbi.nlm.nih.gov/pubmed/23360586
‣ https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3404559/
‣ https://www.ncbi.nlm.nih.gov/pubmed/16937979
‣ https://www.ncbi.nlm.nih.gov/pubmed/21590739
‣ https://www.ncbi.nlm.nih.gov/pubmed/19638084
‣ https://www.ncbi.nlm.nih.gov/pubmed/10722779
‣ https://www.ncbi.nlm.nih.gov/pubmed/27271661
‣ https://www.ncbi.nlm.nih.gov/pubmed/22349085
‣ https://www.ncbi.nlm.nih.gov/pubmed/22285321
‣ https://www.ncbi.nlm.nih.gov/pubmed/8203511
‣ https://www.ncbi.nlm.nih.gov/pubmed/12701816
‣ https://www.ncbi.nlm.nih.gov/pubmed/15758854
‣ http://onlinelibrary.wiley.com/doi/10.1002/j.1552-4604.1967.tb00034.x/abstract
‣ https://www.ncbi.nlm.nih.gov/pubmed/20386132
‣ https://www.ncbi.nlm.nih.gov/pmc/articles/PMC2129155/
‣ https://www.ncbi.nlm.nih.gov/pubmed/8167655
‣ https://www.ncbi.nlm.nih.gov/pubmed/2365938

‣ http://www.bodyrecomposition.com/fat-loss/fat-loss-supplements-2.html/
‣ http://www.bodyrecomposition.com/muscle-gain/supplements-part-2.html/
‣ http://www.bodyrecomposition.com/research-review/milk-the-new-sports-drink-a-review-research-review.html/
‣ https://examine.com/supplements/
‣ https://examine.com/supplements/ashwagandha/
‣ https://pescience.com/articles/lesson-8-nature-had-it-right-milk-protein-stands-apart/

RISE Clothing
‣ https://www.rise.ca
‣ Use discount code JEFF10 to save 10%

RISE Align Tank Black
‣ https://www.rise.ca/collections/men-tank-tops/products/align-tank-black


Blue Wednesday – Hakuna Matata
‣ https://soundcloud.com/bluewednesday


I’m 5’5