Warren Buffett is widely regarded as one of the greatest stock investors that the world has ever seen. His investing prowess is legendary as he has turned many early investors in Berkshire Hathaway into millionaires. Investors would be willing to pay a pretty penny to delve into the mind of Buffett. If you had the opportunity to pick the brains of Buffett, here are a few of the questions that should be asked and what history he might base his answers on. (To learn more about Warren Buffet, check out Warren Buffett: How He Does It.)

TUTORIAL: Greatest Investors

Do you think that Berkshire Hathaway will ever pay a dividend under your watch?
Warren Buffett has had a long time policy of not ever paying a dividend on the company's Class A shares or splitting the stock. Buffett has aimed to keep the stock a core holding of long term investors only. Buffett's most recent statements however have hinted at a softening of his position. Berkshire would attract a lot more interest from the investing public if the company did begin paying dividends. Does Buffett think that a dividend payment is possible while he is at the helm of Berkshire Hathaway?

Where do you see the next major bubble occurring?
Warren Buffett is well known for his ability to prognosticate on stocks and economic events. Back in 2003, Buffett shrewdly called derivatives "financial weapons of mass destruction." Warren Buffett also wisely predicted a huge bubble forming in residential real estate back in 2005. Both of those calls were on the money as the markets plunged and lots of companies were taken under by those markets. You can be sure that there is a bubble forming in some market right now and it would be great to get his take on the next asset class that will blow up. An investor could avoid that asset class altogether or make some cash by shorting it.

Has Buffett added any new criteria to his stock selection process?
Every investor knows that Buffett likes to buy stocks that are trading at a discount to their true value. He is also a fan of companies that have strong earnings and produce lots of cash flow. Buffett adopted his investment philosophy from his mentor, Benjamin Graham and tweaked it to suit his needs. While Buffett is generous with much of his investing knowledge, there is certain investing information that he keeps to himself. It would be interesting to find out however what new criteria that Buffett has added to his investing selection process over the past decade or so.

What country is the best investment market for the next 40 years?
Warren Buffett built the bulk of his fortune by having the foresight to invest domestically at a time when the American economy was booming. Buffett used the American entrepreneurial engine to generate annual returns of over 20% for 40 years. There is still growth in the United States but the returns of the market over the next 40 years are not likely to be as high as they were during the previous 40 years. If Buffett was a young investor looking to get into the market, what market would he look at? Are the best bets still the big developed countries or are the smaller emerging companies the best long term plays for decades to come?

What is the biggest investing success that you ever had?
Buffett is candid in his responses when it comes to explaining his failures in business but he is extremely modest when it comes to tooting his own horn about his investing successes. It would be great to hear Buffett expound his biggest investing triumph and all of the details that went into that purchase. An investor could glean a lot by hearing about the most successful stock pick or acquisition that Warren Buffett ever made.

The Bottom Line
As you can see a novice and experienced alike could become a much better investor just by having the chance to ask a few questions from an investing great. (To invest like Buffett, read What Is Warren Buffett's Investing Style?)

Related Articles
  1. Investing

    10 Surprising Companies That Began as Underdogs

    From fast food to electronics, these success stories give hope to leaders who, despite lacking funds, possess unshakable passion for their underdog brands.
  2. Investing

    Warren Buffett and the Media Industry

    While most people believe traditional media is dead, Warren Buffett sees an opportunity.
  3. Professionals

    RIAs: Why Discounting Your Fees Is a Big Mistake

    For RIAs, lowering your set price is a short-term fix. Here are a few other ways to reach out and appeal to a wider array of potential clients.
  4. Stock Analysis

    This is What Bill Gates's Portfolio Looks Like

    Find out about the stocks Bill Gates has in his portfolio. Learn about the close personal and business relationship Gates has with Warren Buffett.
  5. Mutual Funds & ETFs

    4 Mutual Funds Warren Buffet Would Buy

    Learn about four mutual funds Warren Buffett would invest and recommend to his trustee, and discover detailed analysis of these mutual funds.
  6. Stock Analysis

    Markets Are Tanking: Time to Buy Like Buffett

    Learn about three value stocks Warren Buffett holds in his portfolio. See how Buffett uses market declines to find good deals on stocks.
  7. Investing News

    4 Value Stocks Worth Your Immediate Attention

    Here are four stocks that offer good value and will likely outperform the majority of stocks throughout the broader market over the next several years.
  8. Investing

    How Aliko Dangote Became the Richest African

    An overview of how Aliko Dangote turned a local commodities trading business into a billion-dollar conglomerate.
  9. Investing

    Procter & Gamble Restructures, Sheds 100 Brands

    All businesses face adversity, and Procter & Gamble is no exception. We take a look at recent developments affecting this global giant.
  10. Professionals

    4 Ways Companies Can Relieve Workplace Stress

    Workplace stress can cost companies tons of money in lost productivity and absenteeism. Some of that is out of their control, but often they are the cause.
  1. What is the average return on equity for a company in the retail sector?

    The retail sector includes automotive; building supply; distributors; general; grocery and food; online; and special lines ... Read Full Answer >>
  2. What is the average price-to-book ratio of companies in the retail sector?

    The retail sector includes seven types of retail companies: automotive; building supply; distributors; general; grocery and ... Read Full Answer >>
  3. Are companies with high Book Value Of Equity Per Share (BVPS) takeover targets?

    Companies with high book value of equity per share (BVPS) can be good takeover targets if those companies are public and ... Read Full Answer >>
  4. Can I buy insurance to reduce unlimited liability in a partnership?

    Partnership insurance is actually quite common. Most of the time, partners buy insurance to safeguard against the possibility ... Read Full Answer >>
  5. Why is the utilities sector popular among value investors?

    The utilities sector is popular among value investors due to the dividends paid by utility companies as well as the traditionally ... Read Full Answer >>
  6. What are the benefits of prorating expenses?

    When a person prorates expenses between personal and business expenses, he is able to capture the maximum amount of tax benefits ... Read Full Answer >>

You May Also Like

Trading Center
You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!