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

Multiple Choice Questions

1. When did Buffett and Munger buy the Buffalo Evening News?
(a) 1974.
(b) 1980.
(c) 1978.
(d) 1976.

2. How old was Warren when his father became Congressman?
(a) eighteen.
(b) six.
(c) twenty three.
(d) twelve.

3. In early 1967, Buffett advised his partners that:
(a) he was changing the scope of the business.
(b) newer nutual funds achieved better returns than his did.
(c) there was too much competition in the market.
(d) the market was going to crash.

4. Buffett differed from other CEOs in that he:
(a) he hired a variety of secretaries.
(b) did not have a structured appointments schedule.
(c) he did most of his work at home.
(d) he did not have an office.

5. Berkshire was most active in:
(a) reinsurance.
(b) promoting auto insurance.
(c) business insurance.
(d) door to door policy selling.

Short Answer Questions

1. What did Buffett always look at, especially in insurance?

2. In their senior year, Warren and Danley opened a:

3. What magazine did Buffett first invest in?

4. As a child, Warren was interested in:

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

(see the answer key)

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