ClaimsWarren Buffett

“Well, this is really about giving these-- in this case, 23 students-- sort of a crash course in a lot of subjects they-- that-- are gonna be useful to them in running their small businesses.”

Warren Buffett, Berkshire chairman 23 September 2010 CNBC Transcript: Becky Quick speaks with Warren Buffett (CNBC) archived copy

Factual Economics and markets

The course gave 23 students a crash course in subjects useful for running their small businesses.

Mostly true True in substance, wrong in a detail.

Factual: Statements about the present or the past, checked against the record: did they hold up?

The second judge would not resolve this claim; the verdict shown is the first judge's.

What would count as true or false

Judged as of 2010-09-23. True: contemporaneous records (programme materials, news reports, the interview context) show the course Buffett described had 23 students who were small-business owners or operators, and that it covered a range of business subjects meant for running their businesses (a short, intensive course). Mostly true: the course existed as described and was aimed at small-business owners, but the student count was slightly different (e.g., 20–26) or some other minor detail was off. Mixed: the course existed, but either it was not mainly for small-business operators or the count was well off (e.g., more than double or less than half). Mostly false: a related programme existed but was materially different (e.g., not a multi-subject course, or not for small-business people). False: evidence shows no such course or cohort existed at the time.

Set before the research began.

Evidence (3)

  1. E1 Warren Buffett Gets His Batteries Charged By LaGuardia's 10000 ... LaGuardia Community College · 11 January 2021

    “Buffett, who has served as co-chair of the 10,000 Small Business Program’s advisory council, spoke at LaGuardia during the graduation for the first cohort, saying, “The 23 students graduating today are going to serve as examples to the 9,977 students coming down the road.”
  2. E2 Warren Buffett Gets His Batteries Charged By LaGuardia's 10000 ... LaGuardia Community College · 11 January 2021

    “I went to the first graduation at LaGuardia Community College about 10 years ago and there were probably 300 or 400 people in an auditorium and there were less than 30 graduates I think maybe there was 27 or something like that”
  3. E3 Goldman Sachs10,000 Small Businesses LaGuardia Community College

    “Goldman Sachs 10,000 Small Businesses at LaGuardia Community College is designed to help you develop the skills you need to grow your company.”

Reasoning

LaGuardia Community College reports that Buffett spoke at the graduation of the first cohort of the Goldman Sachs 10,000 Small Businesses program, and quotes him saying 23 students were graduating (E1). Buffett's later memory of 'maybe 27' graduates (E2) is close to that count. LaGuardia describes the program as built to help owners develop the skills to grow their companies (E3), which supports the claim that it was aimed at small-business operators. However, the 23 figure appears only as Buffett's own quoted words, and no evidence item spells out that the course was short, intensive and covered many subjects, so the claim is mostly true rather than fully confirmed.

Cite this claim

Warren Buffett, “The course gave 23 students a crash course in subjects useful for running their small businesses.” (said 23 September 2010). Verdict: mostly true. Reliability API, claim c_d4e215db464f, method 0.1.0+28da144b, dataset release v1.1.2. https://epistacklabs.com/claims/c_d4e215db464f

This claim is in dataset release v1.1.2, with the same verdict.

Reply to this claim

For Warren Buffett, or someone speaking for them: a correction or counter-evidence. Replies are read before anything is shown; an approved reply shows your name, role, date, statement and link. Your email address is never shown and is deleted 30 days after the decision (privacy).

More factual claims by Warren Buffett

  1. Mostly true Factual 4 May 2024
    “But now we’ve created a structure that didn’t exist when he came in 1986.”

    Berkshire has created an insurance structure that did not exist when Ajit Jain joined in 1986.

  2. Mostly true Factual 4 May 2024
    “we offered a solution in a couple of days to something that was getting close to the brink.”

    Buffett said Berkshire offered a solution within a couple of days to something in Canada that was getting close to the brink.

  3. Mixed Factual 15 December 2020
    “big businesses, generally have done very well about travel and entertainment”

    Big businesses have generally done very well, with travel and entertainment mentioned in a way the quote leaves unclear, though they still have difficulties.

  4. Mostly true Factual 15 December 2020
    “the big ones have done terrifically”

    Large food manufacturers have done terrifically during the pandemic.

  5. Resolved true Factual 15 December 2020
    “we've shut down a lot of people in this, in this particular induced recession and others are prospering”

    The pandemic-induced recession has shut down many people's businesses while others are prospering.

All of them

Verdicts are made automatically; how verdicts are made.