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This quiz consists of 5 multiple choice and 5 short answer questions through The Carpet Woman.

Multiple Choice Questions

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

2. Warren made big profits by engaging in a practice known as:
(a) stock splitting.
(b) back room trading.
(c) arbitrage.
(d) leveraged buyouts.

3. What did Buffett say he was putting his money into?
(a) a new mutual fund.
(b) municipal bonds.
(c) blue chip stocks.
(d) money market funds.

4. These kinds of funds in this era were characterized as:
(a) bull market.
(b) irresponsible trading.
(c) bear market.
(d) Go Go.

5. As a result of the end of the Go Go era:
(a) market trading was thin.
(b) funds were clustered in some growth stocks.
(c) there was no direction to the market.
(d) traders were confused.

Short Answer Questions

1. What other kind of family-owned business did Buffet buy?

2. Mrs. B built her furniture store into the biggest furniture store in the:

3. Buffett told his partners all but the following:

4. Graham and Dodds did work in:

5. What problems did Buffett have making investments in the mid-1960s?

(see the answer key)

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