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This quiz consists of 5 multiple choice and 5 short answer questions through Secrets of the Temple.

Multiple Choice Questions

1. By the end of 1988, the Berkshire share price was approximately?
(a) $5,500.
(b) $8,000.
(c) $1,000.
(d) $2,500.

2. Which of the following is not part of Buffett's guide to selecting stocks?
(a) stocks within one's circle of competence.
(b) trading on tips.
(c) doing his own market analysis.
(d) ignoring macroeconomic trends and forecasts.

3. Buffett told his partners all but the following:
(a) he would continue to manage their money.
(b) he recommended Sequoia Fund.
(c) he would not act as their financial counsel.
(d) he could help place their money in municipal bonds.

4. What did Buffett do that was different with Hochschild and Associated Cotton?
(a) purchased liquid sahres.
(b) bought the entire businesses.
(c) purchased small amounts.
(d) traded one business for another.

5. At the 1968 meeting of his friends, who was not invited?
(a) Charlie Munger.
(b) Carl Ican.
(c) Ben Graham.
(d) Bill Ruane.

Short Answer Questions

1. These kinds of funds in this era were characterized as:

2. What did Buffett say he was putting his money into?

3. What did Susie unexpectedly do at the age of forty-five?

4. What did Buffett advise his partners of in May 1967?

5. Susie's absence made life:

(see the answer key)

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