Q 01/05

Buffett's famous nickname calls him the what of Omaha?

A) Baron

B) Oracle

C) Titan

D) Maestro

Answer · why

B) Oracle

Oracle: the name stuck because investors hang on his every pronouncement, even though he ran his empire from a modest office in his Nebraska hometown,...

Q 02/05

Buffett wrote that you only learn who has been swimming naked when what happens?

A) The music stops

B) The tide goes out

C) The lights come on

D) The storm hits

Answer · why

B) The tide goes out

The tide goes out: he wrote it in his 2001 letter to shareholders, warning that an insurer's shaky partners look fine in calm years and are exposed on...

Q 03/05

Which elected office did Buffett's father, Howard, hold for four terms in the 1940s and 1950s?

A) Mayor of Omaha

B) US senator

C) Governor of Nebraska

D) US congressman

Answer · why

D) US congressman

US congressman: the 1942 win moved the family to Washington, where 12-year-old Warren was displaced and unhappy, and he was glad when his father later...

Q 04/05

What did Buffett's high-school yearbook say about him?

A) 'Will own the New York Stock Exchange'

B) 'Never seen without a newspaper'

C) 'Likes math; a future stockbroker'

D) 'Nebraska's next millionaire'

Answer · why

C) 'Likes math; a future stockbroker'

'Likes math; a future stockbroker' ran under his 1947 senior photo at Woodrow Wilson High in Washington, and it came true within four years: by 1951 h...

Q 05/05

Which library book, borrowed at age seven, inspired the young Buffett?

A) How to Win Friends and Influence People

B) Think and Grow Rich

C) The Intelligent Investor

D) One Thousand Ways to Make $1000

Answer · why

D) One Thousand Ways to Make $1000

He went on to sell gum, soft drinks and magazines door to door.