Warren Buffett Trivia Questions!
Warren Buffett was born in Nebraska, Omaha, the USA on the 30th of August in 1930. He is one of the world's richest men, with a fortune that is only surpassed by Bill Gates of Microsoft fame. He is considered one of the most successful investors of all time and has picked up the nickname of the "Oracle of Omaha."
- 1.
In 2008, Buffett's fortune was estimated by Forbes to be how large?
- A.
12 Billion dollars
- B.
37.5 Billion dollars
- C.
62 Billion dollars
Correct Answer
C. 62 Billion dollarsExplanation
In 2008, Warren Buffett's fortune was estimated by Forbes to be 62 billion dollars. This indicates that he was considered one of the wealthiest individuals during that time.Rate this question:
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- 2.
Where does Warren Buffet live?
- A.
New York, New York.
- B.
Berkshire, Ohio
- C.
Omaha, Nebraska
Correct Answer
C. Omaha, NebraskaExplanation
Warren Buffet, one of the world's most successful investors and business magnates, resides in Omaha, Nebraska. This is where he has spent most of his life and built his investment company, Berkshire Hathaway. Buffet has expressed his fondness for Omaha and has chosen to maintain a relatively modest lifestyle there, despite his immense wealth. His decision to live in Omaha is often seen as a reflection of his down-to-earth personality and his belief in staying close to his roots.Rate this question:
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- 3.
Warren Buffet is famous for advocating what style of investing?
- A.
Technical Analysis Investing
- B.
Value Investing
- C.
Long-term Investing
Correct Answer
B. Value InvestingExplanation
Warren Buffet is famous for advocating value investing. This style of investing involves identifying undervalued stocks and investing in them for the long term. Buffet believes in analyzing the intrinsic value of a company and buying its stock when it is trading below its true worth. He focuses on the fundamentals of the business, such as its financial health, competitive advantage, and management team, rather than short-term market trends or technical indicators. Buffet's success as an investor has made value investing a popular strategy among many investors.Rate this question:
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- 4.
Warren Buffett is known for his personal frugality despite his immense wealth and still lives in his modest family home in Omaha.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
Warren Buffett's personal frugality despite his immense wealth and his choice to continue living in his modest family home in Omaha are well-known facts. This answer is true because it accurately reflects this information about Warren Buffett's lifestyle choices.Rate this question:
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- 5.
What was Berkshire Hathaway when Warren Buffett discovered the company in the early 1960s?
- A.
An small auto insurance company
- B.
A small textile manufacturing company
- C.
A small financial brokerage company
Correct Answer
B. A small textile manufacturing companyExplanation
When Warren Buffett discovered Berkshire Hathaway in the early 1960s, it was a small textile manufacturing company. This means that at the time, Berkshire Hathaway was primarily involved in the production and sale of textiles. It is worth noting that over the years, Buffett transformed the company into a conglomerate holding company with investments in various industries, such as insurance, finance, and manufacturing. However, initially, Berkshire Hathaway started as a small player in the textile manufacturing sector.Rate this question:
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- 6.
How many children does Warren Buffett have?
- A.
None
- B.
Two
- C.
Three
Correct Answer
C. ThreeExplanation
Warren Buffett has three children.Rate this question:
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- 7.
Warren Buffett bought his first stock market shares at age 11?
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
Buffet's father was a stock broker and got him involved early.Rate this question:
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- 8.
Warren Buffett has pledged to give away what percent of his fortune to worthy causes through the Gates Foundation?
- A.
33.3%
- B.
50%
- C.
70%
- D.
85%
Correct Answer
D. 85%Explanation
Bill Gates CEO of Mincrosoft Corp. is one of Buffett's best friends.Rate this question:
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- 9.
In 2007, in a letter to shareholders, Buffett announced that he was looking for a younger successor.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
Buffett's announcement in 2007 about looking for a younger successor indicates that the statement is true. This suggests that Buffett, as a shareholder, expressed his intention to find someone younger who could potentially take over his role in the future.Rate this question:
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- 10.
The winning bid for fundraiser auction lunch with Warren Buffett in New York in 2008 was $2.1 million paid by a Chinese investment executive.
- A.
True
- B.
False
Correct Answer
A. TrueExplanation
His name was Zhao Danyang of the Pureheart China Growth Investment Fund.Rate this question:
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Current Version
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Nov 16, 2023Quiz Edited by
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Jun 01, 2010Quiz Created by
Rudypohl