Quiz On Berkshire Hathaway And Warren Buffett! Trivia Questions Quiz

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

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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.

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

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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.

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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.

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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.

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

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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
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.

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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.