Channel: The Swedish Investor

Category: Education

Tags: investing 101berkshire hathaway testinveststock portfoliocharlie mungerwarren buffettpassive incomewarren buffett adviceinvesting strategieswarren buffett interviewinvesting in your 20sinvesting for beginnershow to investwarren buffett testhow to invest in stockshow to start investinginvestingwarren buffett investing strategyvalue investingthe swedish investorwarren buffett investingberkshire hathaway interviewberkshire hathaway

Description: Did you know that Warren Buffett used to give a standardized test to his prospective employees at Berkshire Hathaway? It was presented as an IQ test, but it’s more like a test in arithmetic in a real-world setting. It showcases some interesting points about what the king of stocks thinks about a certain subject, but we can talk about that more after the test. Soon-to-be employees had 15 minutes to take the exam and they were only allowed to use a pen and a paper. There are 24 questions in total and each of them comes with five different answers, named A-E, with only one of them being correct. In order to not run into any potential copyright problems, I’ve “modernized” the questions somewhat, just so you know, but they will still test the same type of logic and mathematical properties. I ran the test with a couple of friends to allocate an appropriate amount of time to each question, and to be able to arrange them in order of difficulty. Are you ready to test your skills to see if you could have been an employee at Berkshire Hathaway? In that case, grab a pen and a paper because 15 minutes starts now! --- Warren Buffett: My 25 Most Important Investments of All Time: youtu.be/jMuX_-hE7SQ --- Warren Buffet’s & Berkshire Hathaway’s interview test timestamps: 00:00 Intro 01:16 Question 1 01:38 Question 2 02:00 Question 3 02:23 Question 4 02:46 Question 5 03:09 Question 6 03:39 Question 7 04:11 Question 8 04:45 Question 9 05:20 Question 10 05:56 Question 11 06:29 Question 12 07:11 Question 13 07:49 Question 14 08:27 Question 15 09:06 Question 16 09:49 Question 17 10:35 Question 18 11:25 Question 19 12:19 Question 20 13:13 Question 21 14:12 Question 22 15:11 Question 23 16:13 Question 24 18:24 Answers --- Andrew Kilpatrick’s book “Of Permanent Value”: amzn.to/2YOPEvw As an Amazon Associate I earn from qualified purchases. --- My goal with this channel is to help you make more money and improve your personal finances. How to become a millionaire? There are many ways to get there – investing in the stock market, becoming a stock trader, doing real estate investing, or why not becoming an entrepreneur? But whether you are interested in how to invest in stocks or investing strategies for creating passive income with rental properties – I hope to be able to provide you with a solution (or at least an idea) here. Warren Buffett - the greatest investor of our time - says that you should fill your mind with competing ideas and then see what makes sense to you. This channel is about filling your mind with those ideas. And in the process – upgrading your money-making toolbox.