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This quiz consists of 5 multiple choice and 5 short answer questions through Salomon's Court.

Multiple Choice Questions

1. Susie's absence made life:
(a) made Warren happier.
(b) difficult for Warren.
(c) game Warren more freedom.
(d) made Warren more self-sufficient.

2. As a result of the stock market crash in October 1985, Berkshire:
(a) was insolvent.
(b) lost ten percent of its value.
(c) lost one quarter of its value.
(d) increased in value.

3. Buffett gained total control of Berkshire in:
(a) June 1964.
(b) July 1963.
(c) May 1965.
(d) September 1964.

4. Salomon grew from 1955 on when they announced:
(a) partners would leave their capital in the firm.
(b) they would ac cept no new partners.
(c) they were purchased by J.P. Morgan.
(d) they went public.

5. The Efficient Market Theory was popular because it:
(a) was based on technology.
(b) extended the theories of Adam Smith to financial markets.
(c) proved accurate.
(d) was simple.

Short Answer Questions

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

2. What company did Buffett say he would hold for the rest of his life?

3. Buffett became a director on the board of the Post in:

4. As a result of the end of the Go Go era:

5. In what simple way did Buffett find that people were still using their American Express cards?

(see the answer key)

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