Are you a Warren Buffett buff?
Warren Buffett, widely considered the investing GOAT, is turning 92 today. To celebrate the Oracle of Omaha, we're quizzing our Hatchings on all things Buffett to see how much Buff stuff you know. Good luck!
How much did Buffett pay for his current residence in Omaha, Nebraska?
He bought the house in 1958 and has lived in it for the past six decades. It is a simple five-bedroom, 2 ½ bathroom house that is currently worth 0.001% of his estimated wealth.
Buffett had made US$53,000 by the age of 16. Which of these jobs did he NOT do?
From age six, Buffett was selling packs of gum and used golf balls, collecting stamps and buffing cars. He also delivered the morning paper, which earned him about US$175 a month. (That's more than most teachers made during that time.)
What kind of business was Berkshire Hathaway when Buffett bought it in 1965?
It was a dying textile mill. Buffett managed to revive the business and use the cash flows from textile sales to fund other investments. He went on to shut the textile division in 1985 but continued using their name.
How old was Buffett when he became a millionaire?
According to Forbes Magazine, Buffett is now worth an estimated US$118 billion, which ranks him as the 5th richest person in the world.
Which US president awarded Buffett with the Presidential Medal of Freedom?
Obama awarded Buffett with the highest US civilian honor in 2011 for his philanthropic donations.
Which of the following companies does Berkshire Hathaway NOT currently own any shares in?
Berkshire previously invested around US$2.3 billion in the UK grocery retailer. However Buffett soured on the company in 2013 and sold all shares a year later, ultimately making an after-tax loss of US$444 million on the Tesco investment.
Buffett and Charlie Munger have been friends for over 60 years and business partners since 1978. How did they meet?
Although Charlie worked briefly at Buffett & Son, he didn’t meet the younger Buffett until years later. And while Charlie graduated magna cum laude at Harvard Law School, Buffett was rejected by Harvard Business School when he applied.
Which is Buffett's oldest stock position at Berkshire Hathaway?
Buffett, who apparently drinks five cans of Coke daily, initiated Berkshire's position in the company in 1988. As of July 2022, Berkshire's 400 million Coca-Cola shares account for 7.9% of their portfolio, making it their third-largest investment after Apple and Bank of America.
Which musical instrument does Buffett play?
Buffet learned the ukulele in an effort to woo a local Omaha lass. It didn't work (she already had a boyfriend) but he still plays the uke and is known to perform during meetings and conventions, sometimes with his mate Bill Gates singing along.
In 2010, Buffett, Melinda French Gates, and Bill Gates launched the Giving Pledge. What is it?
The pledge currently has 236 signatories from 28 countries with a combined net worth of more than US$1 trillion. For his part, Buffett has promised to donate over 99% of his wealth. So far he has given more than US$48 billion.
You got {number correct}/{number of questions} correct answers
So... how much guff did you know about Buffett stuff? Hopefully, it was enuff for being off-the-cuff!
