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This quiz consists of 5 multiple choice and 5 short answer questions through Go-Go.

Multiple Choice Questions

1. What did Buffett advise his partners of in May 1967?
(a) Buffett Partnership was facing huge losses.
(b) he was liquidating Buffett Partnership.
(c) the partnership would go on without him.
(d) he was turning Buffett Partnership into a Performance Fund.

2. Warren worked on all of the following during this period:
(a) teaching in night school.
(b) the family grocery business.
(c) a Dale Carnegie course.
(d) Buffett-Falk.

3. Buffett's goal, as stated to his partners, was to:
(a) make them wealthy.
(b) purchase blue chip stocks.
(c) achieve a 10% rate of return.
(d) beat the Dow by an average of ten points per year.

4. Buffett communicated with partners:
(a) holding monthly meetings.
(b) through letters.
(c) by personal meetings with them.
(d) on the phone.

5. His best childhood friend was___________.
(a) John Buffet.
(b) George Sklenicka.
(c) Bill Gates.
(d) Bob Russell.

Short Answer Questions

1. How old was Warren when his father became Congressman?

2. What did Warren always wear in high school?

3. How many partnerships was Warren running by the end of his first year?

4. Which of the following is not one of the terms of Warren's partnership?

5. As Buffett's income and wealth grew, he:

(see the answer key)

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