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(Warren Buffet Questions and Answers) Flashcards

7 cards from real Investment practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 7 (Warren Buffet Questions and Answers) flashcards as text

  1. Who was Buffett's longtime business partner and Berkshire vice chairman until 2023?

    Answer: Charlie Munger

    Charlie Munger was Buffett's partner for decades and influenced his shift toward quality businesses.

  2. Buffett prefers to buy a wonderful company at a fair price rather than a:

    Answer: fair company at a wonderful price

    Munger pushed Buffett toward quality, summed up in this famous quote.

  3. What is Buffett's stated ideal holding period for a great business?

    Answer: Forever

    Buffett has said his favorite holding period is 'forever.'

  4. Buffett warns against investing in things you do not understand, a concept he calls staying within your:

    Answer: circle of competence

    Buffett emphasizes investing only in businesses you genuinely understand.

  5. Which large insurance company is a core part of Berkshire's operations and float?

    Answer: GEICO

    GEICO is wholly owned by Berkshire and provides insurance float Buffett invests.

  6. Buffett describes derivatives, when misused, as financial weapons of mass:

    Answer: destruction

    In a 2002 shareholder letter Buffett called derivatives 'financial weapons of mass destruction.'

  7. For most ordinary investors, Buffett recommends putting money into a low-cost:

    Answer: S&P 500 index fund

    Buffett repeatedly recommends low-cost S&P 500 index funds for typical investors.