Quiz: Warren Buffett: The Mr. Moneybags quiz: Howstuffworks
Warren Buffett: The Mr. Moneybags quiz
Warren Buffett is best known for what?
Buffett is renowned throughout the world for his financial prowess. He's made many billions of dollars investing in the right companies at the right times.
What is Warren's famous nickname?
His Midwestern roots and his seemingly psychic financial abilities make him the "Oracle of Omaha." Few investors can match Warren's mad Wall Street skills.
Warren famously hangs out with which other rich person?
Buffett is friends and business partners with Bill Gates. When the two men are in the same room, they account for half of the world's wealth, and we made that up.
True or false: As of early 2017, Buffett is the richest person in the U.S.
Bill Gates, the bespectacled founder of Microsoft, is America's richest person. Buffett is "only" second wealthiest, hotly pursued by Jeff Bezos of Amazon.com.
Buffett has cash. What are his spending habits like?
"I'll have the burger but no fries, I've already spent like $10 today." Buffett is worth billions but spends very little money, an example that many Americans should probably learn to follow.
As of early 2017, what is Buffett's approximate net worth?
Buffett's net worth fluctuates as the markets change, but he's currently worth about $78 billion, which, come to think of it, is probably enough to actually purchase Mars.
Buffett is the chairman of Berkshire Hathaway, which is famous for its high stock prices. As of March 2017, one share of the stock cost about how much?
Wanna buy a single share of Berkshire Hathaway stock? Be ready to pony up at least $240,000, which was the price of the stock in early 2017 -- on a bad day.
How does Buffett feel about America's financial prospects in the coming years, beyond 2017?
Buffett says that the kids growing up in today's America are the most fortunate human beings ever. He feels they have unlimited potential to achieve their financial goals.
Buffett is a billionaire many times over. About how many billionaires are there in the world these days?
Believe it or not, there are well over 2,000 billionaires on Earth. Sadly, you are not one of them.
How does Buffett regard the idea of modern mortgages?
Buffett is big on home ownership. He calls 30-year mortgages powerful financial tools for people looking to make solid choices regarding their futures.
Buffett is now unfathomably rich. What was his childhood like?
His dad was a four-term Congressman. In other words, Warren's path to fame and riches was helped immensely by his fortunate childhood circumstances.
Warren took an interest in investing at a young age. When did he buy his first stocks?
At an age when most boys are pondering their next bicycles, Buffett was looking ahead. He was just 11 when he bought his first stocks. He and his sister pooled their savings.
Buffett has a bit of extra cash laying around. He's said that he plans to give away how much of his fortune?
He's a notable philanthropist. He's committed to giving away about 99% of his money to good causes.
Warren tells people to look at stocks as if they were what?
He looks at the stock market as if it's a business and invests accordingly. He doesn't look for get-rich-quick schemes.
In 1949, Warren bought a life-changing book, written by Benjamin Graham. What was the title of the book?
Buffett has always credited Graham's book, "The Intelligent Investor," to be one of the biggest influences in his life. It helped him to formulate strategies for creating lasting wealth.
Which college rejected Warren's application?
He really wanted to go to Harvard Business School, but the school rejected his application. In hindsight, it's safe to say that Harvard missed the boat on that one.
2013 was a good year for Buffett. About how much did he make EACH DAY during that year?
His investments surged in 2013. He averaged about $37 million -- per day -- during the hot streak.
In high school, Buffett started a business centered around what?
He bought a pinball machine and put it in a barber shop. The enterprise was an amazing success.
By the time he was 16 years old, Buffett had accumulated how much money?
When he was just 16, he'd already saved more than $50,000 in his bank account. Even for the son of a Congressman, that's an impressive amount.
Warren has a weakness for which product?
Buffett loves Coke, and he drinks the sugary soda each day. He's also a huge investor in the company.
How does Warren feel about religion?
He was raised in a religious home, but Warren has drifted away from organized religion. He is more agnostic than anything.
Warren is pushing 90 years old. In 2012, he was faced with which health problem?
In 2012, he was diagnosed with prostate cancer. He was successfully treated and hasn't had any publicized reoccurrences of the disease.
Warren is famous for his ability to play which instrument?
He took up the ukulele to impress a girl -- his plot didn't work, but he did pick up a music skill that he loves to demonstrate wherever he goes.
True or false: Warren is intensely focused on money. He's never married.
He's been married twice. His first wife, Susan, died in 2004. He's now married Astrid Menks, who is 16 years his junior.
Warren was an ambitious young man. What did his new father-in-law tell him after the wedding?
Buffett's father-in-law was certain the kid was a loser (or maybe the problem was those crazy Democrats). He told him he was going to fail miserably… and that his beloved daughter was going to suffer as a result.
Why did President Obama give Warren the Presidential Medal of Freedom?
That's right -- Warren has given away so much money to charities that he won the Presidental Medal of Freedom. He didn't have to donate so much cash, but he chooses to do good in the world.
Buffett loves which game?
He loves playing cards, especially bridge. He's known to throw around a deck with Bill Gates.
True or false: No one has a better track record of investing than Warren Buffett.
For decades, Buffett has beaten the market soundly and with far greater profits than other investors. No one has a better track record, which is why so many people seek the octogenarian's investing advice.
In 2006, Warren disowned his son's adopted daughter. Why?
The young woman appeared in a documentary that took a negative view of wealthy investors. Warren responded by officially disowning her.
Buffett has said he spends most of his days doing what?
He's an information-gathering machine. He spends most of his days reading as much as he can, hoping to get an edge on his competition.
No one -- no one -- knows the stock market like Warren Buffett. His legendary investing prowess and apparent magical ability to see the future have made this man one of the wealthiest people on Earth. How much do you know about this wealthy Omahan?
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