Quiz On Berkshire Hathaway And Warren Buffett! Trivia Questions Quiz

1. Warren Buffett rounded up seven limited partners in what year?

1955

1956

1957

1958

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.

Explanation

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.

2. Warren Buffett started buying up Coca-Cola stock like an addict in whuvh if these years?

1988

1989

1990

1991

Warren Buffett began purchasing shares of Coca-Cola in 1988.

Explanation

Warren Buffett began purchasing shares of Coca-Cola in 1988.

3. Buffett bought a used Falcon aircraft for $850,000 In what year?

1985

1886

1887

1988

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.

Explanation

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.

4. Buffett named himself Chairman of the Board of Berkshire Hathaway in what year?

1970

1971

1972

1973

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.

Explanation

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.

5. Warren asked National Indemnity's founder and controlling shareholder Jack Ringwalt to his office in what year?

1965

1966

1967

1968

Warren asked National Indemnity's founder and controlling shareholder Jack Ringwalt to his office in 1967.

Explanation

Warren asked National Indemnity's founder and controlling shareholder Jack Ringwalt to his office in 1967.

6. Warren Buffett bought Nebraska Furniture Mart, the multi-million dollar furniture retailer in what year?

1982

1983

1984

1885

Warren Buffett purchased Nebraska Furniture Mart, a multi-million dollar furniture retailer, in 1983.

Explanation

Warren Buffett purchased Nebraska Furniture Mart, a multi-million dollar furniture retailer, in 1983.

7. Buffett once again became involved with GEICO in what year?

1975

1976

1977

1978

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.

Explanation

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.

8. Warren agreed to cosign a loan for $18,000 for his new President to purchase how many shares of the company's stock?

300

350

700

1000

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.

Explanation

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.

9. Warren built his personal capital up to $140,000 from a mere $9,800 within how many years?

2 years

5 years

4 years

6 years

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.

Explanation

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.

10. Warren Buffett also had more than how many limited partners across the United States?

75

80

90

100

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.

Explanation

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.