Warren Buffett (1930–present) Flashcards

1
Q

When was Warren Buffett born?

A

August 30, 1930

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2
Q

Where was Warren Buffett born?

A

Omaha, Nebraska

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3
Q

At what age did Warren Buffett buy his first stock?

A

11 years old

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4
Q

Who was Warren Buffett’s key mentor at Columbia Business School?

A

Benjamin Graham

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5
Q

Which company did Warren Buffett transform into a large conglomerate?

A

Berkshire Hathaway

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6
Q

What investing strategy is Warren Buffett known for?

A

Value investing

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7
Q

Which foundation does Warren Buffett donate most of his wealth to?

A

Bill & Melinda Gates Foundation

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8
Q

What philanthropic initiative did Warren Buffett co-found with Bill Gates?

A

The Giving Pledge

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9
Q

Which major U.S. financial crisis did Buffett navigate successfully using a conservative approach?

A

2008 financial crisis

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10
Q

What is Warren Buffett’s pledge regarding his wealth?

A

He pledged to donate 99% of his wealth to charitable causes.

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11
Q

What product does Warren Buffett famously consume multiple times a day?

A

Coca-Cola

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12
Q

How does Warren Buffett generally view short-term market trends?

A

He avoids them and focuses on long-term investments.

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13
Q

What was Berkshire Hathaway originally when Buffett took control?

A

A struggling textile company

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14
Q

Which key investment philosophy did Buffett adopt from Benjamin Graham?

A

Intrinsic value and margin of safety

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15
Q

What year did Warren Buffett announce his philanthropic pledge?

A

2006

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16
Q

What is the name of Warren Buffett’s holding company?

A

Berkshire Hathaway

17
Q

Which famous tech company is one of Warren Buffett’s successful investments?

A

Apple

18
Q

How is Warren Buffett’s investing style different from speculative investing?

A

He focuses on long-term value, not short-term trends.

19
Q

What economic event influenced Warren Buffett’s frugality?

A

The Great Depression

20
Q

Fill in the blank: Warren Buffett is often referred to as the ‘____ of Omaha.’

A

Oracle

21
Q

What kind of companies does Buffett prefer to invest in?

A

Companies with strong long-term prospects at fair prices

22
Q

Where does Warren Buffett still live despite his wealth?

A

In the same house he bought in 1958 in Omaha

23
Q

Fill in the blank: Warren Buffett co-founded the _____ to encourage billionaires to donate their wealth.

A

Giving Pledge

24
Q

What major challenge did Warren Buffett face during the late 1990s?

A

Criticism for avoiding tech stocks during the dot-com bubble

25
Q

Which fast-food chain did Buffett buy because he liked their ice cream?

A

Dairy Queen

26
Q

What is Warren Buffett’s approach to technology investments?

A

He generally avoids them, focusing on simplicity.

27
Q

How does Warren Buffett suggest investors should treat the stock market?

A

As a long-term wealth-building tool, not for short-term speculation.