Quiz On Berkshire Hathaway And Warren Buffett! Trivia Questions Quiz
Warren Buffett is a philanthropist and a businessman born, breed, and spent most years in Omaha, Nebraska, USA. Buffett operated three partnerships as he purchased a five-bedroom stucco house in Omaha, where he still lives for $31,500. In 1962, Buffett became a millionaire. Take this quiz to know what you know about Warren Buffett.
- 1.
Warren Buffett started buying up Coca-Cola stock like an addict in whuvh if these years?
- A.
1988
- B.
1989
- C.
1990
- D.
1991
Correct Answer
A. 1988Explanation
Warren Buffett began purchasing shares of Coca-Cola in 1988.Rate this question:
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- 2.
Buffett bought a used Falcon aircraft for $850,000 In what year?
- A.
1985
- B.
1886
- C.
1887
- D.
1988
Correct Answer
B. 1886Explanation
In the given question, it is stated that Buffett bought a used Falcon aircraft for $850,000. The question asks for the year in which this purchase was made. The correct answer is 1886, as it is the only option provided that matches the given information.Rate this question:
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- 3.
Warren Buffett bought Nebraska Furniture Mart, the multi-million dollar furniture retailer in what year?
- A.
1982
- B.
1983
- C.
1984
- D.
1885
Correct Answer
B. 1983Explanation
Warren Buffett purchased Nebraska Furniture Mart, a multi-million dollar furniture retailer, in 1983.Rate this question:
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- 4.
Buffett once again became involved with GEICO in what year?
- A.
1975
- B.
1976
- C.
1977
- D.
1978
Correct Answer
B. 1976Explanation
Buffett once again became involved with GEICO in 1976. This implies that Buffett had some previous involvement with GEICO before 1976, and then became involved again in that specific year.Rate this question:
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- 5.
Buffett named himself Chairman of the Board of Berkshire Hathaway in what year?
- A.
1970
- B.
1971
- C.
1972
- D.
1973
Correct Answer
A. 1970Explanation
Buffett named himself Chairman of the Board of Berkshire Hathaway in 1970. This means that in that year, he assumed the position of the chairman, taking on the responsibility of leading the board of directors and overseeing the company's operations and strategic decisions.Rate this question:
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- 6.
Warren agreed to cosign a loan for $18,000 for his new President to purchase how many shares of the company's stock?
- A.
300
- B.
350
- C.
700
- D.
1000
Correct Answer
D. 1000Explanation
Warren agreed to cosign a loan for $18,000, which means he is responsible for repaying the loan if the new President fails to do so. The loan is for purchasing shares of the company's stock. Since the loan amount is not given, we can assume that the new President plans to purchase the maximum number of shares possible with the loan amount. Therefore, the correct answer is 1000, as it is the highest number of shares that can be purchased with $18,000.Rate this question:
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- 7.
Warren asked National Indemnity's founder and controlling shareholder Jack Ringwalt to his office in what year?
- A.
1965
- B.
1966
- C.
1967
- D.
1968
Correct Answer
C. 1967Explanation
Warren asked National Indemnity's founder and controlling shareholder Jack Ringwalt to his office in 1967.Rate this question:
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- 8.
Warren Buffett also had more than how many limited partners across the United States?
- A.
75
- B.
80
- C.
90
- D.
100
Correct Answer
C. 90Explanation
Warren Buffett had more than 90 limited partners across the United States. This means that he had over 90 individuals or entities who invested in his partnerships or funds. These limited partners likely provided capital to Buffett's investment ventures and in return received a share of the profits. Having a large number of limited partners indicates Buffett's ability to attract a significant amount of investment capital and suggests his strong reputation and track record in the investment community.Rate this question:
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- 9.
Warren Buffett rounded up seven limited partners in what year?
- A.
1955
- B.
1956
- C.
1957
- D.
1958
Correct Answer
B. 1956Explanation
In 1956, Warren Buffett rounded up seven limited partners. This suggests that in that particular year, Buffett managed to attract and gather a group of seven individuals or entities who were willing to invest in his ventures or partnerships. This could have been a significant milestone for Buffett's career and the start of his successful journey in the investment world.Rate this question:
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- 10.
Warren built his personal capital up to $140,000 from a mere $9,800 within how many years?
- A.
2 years
- B.
5 years
- C.
4 years
- D.
6 years
Correct Answer
D. 6 yearsExplanation
Warren built his personal capital up to $140,000 from a mere $9,800 within 6 years. This means that he was able to increase his capital by $130,200 in that time period.Rate this question:
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Current Version
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Mar 20, 2023Quiz Edited by
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Nov 19, 2019Quiz Created by
AdewumiKoju
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