Investment (Warren Buffet Questions and Answers) 3

Question 1

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

Accepted Answer

Charlie Munger

Answer

Bill Gates

Answer

Ajit Jain

Answer

Greg Abel

Question 2

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

Accepted Answer

fair company at a wonderful price

Answer

cheap company at a cheap price

Answer

growth stock at any price

Answer

bond at par value

Question 3

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

Accepted Answer

Forever

Answer

Five years

Answer

One year

Answer

Ten years

Question 4

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

Accepted Answer

circle of competence

Answer

comfort zone

Answer

risk tolerance

Answer

asset allocation

Question 5

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

Accepted Answer

GEICO

Answer

Allstate

Answer

Progressive

Answer

MetLife

Question 6

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

Accepted Answer

destruction

Answer

creation

Answer

confusion

Answer

speculation

Question 7

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

Accepted Answer

S&P 500 index fund

Answer

actively managed hedge fund

Answer

gold ETF

Answer

leveraged options strategy