Correct! Warren Buffett is famously known as the “Oracle of Omaha” because of his extraordinary investing acumen and his long-time residence in Omaha, Nebraska. As the chairman and CEO of Berkshire Hathaway, Buffett built a multi-billion-dollar empire by adhering to a disciplined, long-term value investing philosophy. He looks for companies with strong fundamentals, capable leadership, and a durable competitive advantage — often referred to as a “moat.” Buffett's approach emphasizes patience, simplicity, and buying businesses at fair prices rather than chasing trends or short-term gains. He became a household name due not only to his investment success, but also because of his transparency, wit, and annual shareholder letters, which are widely studied in the finance world. His nickname reflects both his geographic roots and his reputation for financial foresight and wisdom. For anyone studying investing, Buffett remains a gold standard — admired for his consistency, ethics, and ability to outperform the market over decades.