Warren Buffett Trivia Questions

He still lives in that 6-bedroom house, worth about $1 million today. Despite his billions, he refuses to move to a mansion or gated community.

Buffett actually owns NetJets, a private jet company, and uses their services. He once joked about buying a jet named 'The Indefensible' to acknowledge his hypocrisy.

His father Howard was a stockbroker and congressman, but left no large inheritance. Buffett built his fortune from scratch with discipline and compounding.

He has donated over $50 billion to the Bill & Melinda Gates Foundation and other charities since 2006. He pledged to give away 99% of his fortune during his lifetime.

He paid $31,500 for the five-bedroom stucco house in 1958 and still lives there today. It's worth about $1.2 million now, modest by billionaire standards.

Berkshire Hathaway's Class A shares have never split, trading over $500,000 each as of 2024, to discourage short-term trading.

With a net worth over $100 billion, Buffett’s wealth exceeds the GDP of nations like Iceland or Jamaica, showing his massive financial scale.

Buffett has sold some Coca-Cola shares over the decades, though he still holds a massive position. He trimmed slightly in 2020 and 2021 for portfolio rebalancing.

In 2007, Buffett made a public bet with Protégé Partners that a low-cost Vanguard S&P 500 fund would outperform five hedge funds over a decade. He won easily.

Buffett famously refuses to split the Class A shares to attract long-term investors. One share costs over $500,000, making it the most expensive stock on the NYSE.

He bought three shares of Cities Service Preferred at $38 each. He also deducted his bicycle as a business expense on his first tax return at age 13.

Buffett bought his modest five-bedroom home for $31,500 in 1958 and still lives there, valuing simplicity over luxury despite his billions.

Buffett does use a flip phone and a computer for basic tasks, but he famously avoids smartphones and social media—not all tech entirely.

In 2010, Buffett pledged to give away 99% of his fortune, with the largest chunk going to the Gates Foundation, totaling roughly $37 billion since.

At 11, Buffett bought three shares at $38 each for himself and his sister. He sold at $40, but the stock later soared—a lesson in patience.

After being rejected, Buffett attended Columbia, where he studied under Benjamin Graham, the father of value investing—shaping his entire career.

Buffett famously resisted smartphones for years, using a simple Samsung flip phone even as a billionaire. He finally switched to an iPhone in 2020, but only for calls and texts.

In 1965, Buffett took control of a struggling textile company called Berkshire Hathaway. He gradually shifted it into a holding company for investments and acquisitions.

While he is one of the oldest at 94, David Rockefeller lived to 101, and others like George Soros (94) are similarly aged. The title isn't officially tracked.

Harvard rejected his application. He instead earned his MBA from Columbia Business School, where he studied under Benjamin Graham, the father of value investing.

He pledged most to the Bill & Melinda Gates Foundation, not a family-run charity. His children oversee their own foundations, but the bulk goes to Gates.

Berkshire's Class A shares have never been split, so they trade over $500,000 each. He prefers long-term shareholders over day traders.

This is a myth. Buffett is famously frugal—he still gets $15 haircuts. He never pays for stock tips, especially from barbers.

Buffett famously avoids personal tech gadgets. He uses a flip phone and has no computer at his desk, relying on paper reports and his team for information.

Berkshire Hathaway was a struggling textile company Buffett acquired in the 1960s. He eventually pivoted it into a holding company for investments.

Buffett has donated to Democratic candidates and causes, including Hillary Clinton’s 2016 campaign and various progressive groups, though he avoids public endorsements.

In 2007, Buffett made a public bet with Protege Partners. An S&P 500 index fund won handily, proving passive investing often beats active management.

He bought his Omaha home in 1958 for $31,500, and it’s now worth about $700,000. He still lives there, but its value has exceeded $500,000.

Buffett invested in IBM in 2011 (though he later sold it). He also bought tech-adjacent companies like Precision Castparts. His Apple purchase was large but not his first tech investment.

Buffett famously avoids smartphones and email. He uses a flip phone and has an assistant print out his emails. He says he wants to avoid constant distractions.

Buffett famously said he would leave his children 'enough money so they would feel they could do anything, but not so much that they could do nothing.' He funds their education but not via this specific offer.

Buffett is deliberate, not impulsive. Major acquisitions like GEICO took years of analysis; no billion-dollar deal was ever sealed in 20 minutes.

He was rejected by Harvard and later attended Columbia, where he studied under Benjamin Graham. He did call the rejection a blessing, but not Harvard Business School—it was the undergraduate program.

His salary has been $100,000 per year for decades, not $1 million. He believes executives should not be overpaid and sets an example with his modest compensation.

No record confirms this. Buffett scored high on tests but not perfect; the myth likely stems from his early reputation as a math prodigy.

Buffett has trimmed his Coca-Cola stake occasionally for portfolio adjustments, though he remains a long-term holder and has never sold it all.

Since 1980, Buffett has taken a modest $100,000 salary, refusing raises. He argues it aligns his interests with shareholders and avoids excessive compensation.

Buffett often grabs a McDonald’s breakfast, but his favorite meal is actually a Cherry Coke and a hamburger from Dairy Queen, not a specific McDonald’s item.