Q 01/05

By what nickname is Warren Buffett widely known?

A) The Oracle of Omaha

B) The Prophet of Profit

C) The Wizard of Wall Street

D) The Nebraska Nabob

Answer · why

A) The Oracle of Omaha

He is also called the Sage of Omaha, and still lives in the house he bought there in 1958.

Q 02/05

Which conglomerate did Buffett take control of in 1965 and chair from 1970?

A) Bridgewater Associates

B) Berkshire Hathaway

C) Blackstone

D) Vanguard Group

Answer · why

B) Berkshire Hathaway

It began life as a New England textile manufacturer.

Q 03/05

What was the occupation of Buffett's father, Howard?

A) US congressman and stockbroker

B) Bank president in Lincoln

C) Grocer and cattle rancher

D) Travelling insurance salesman

Answer · why

A) US congressman and stockbroker

Howard Buffett was elected to the first of four terms in Congress in 1942, moving the family to Washington.

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'

He wanted to skip college and go straight into business, but his father overruled him.

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.