Buffett: The Making of an American Capitalist Test | Mid-Book Test - Easy

Roger Lowenstein
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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. Warren purchased his first stocks at the age of:
(a) eleven.
(b) fifteen.
(c) twenty one.
(d) nineteen.

2. What event occurred in August 1967?
(a) Congressional hearning into the rampant growth of mutual funds.
(b) Buffet's partnership eperienced its first loss.
(c) the market crashed.
(d) new legislated limited partnership.

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

4. Warren handled his investments with people:
(a) on an individual basis.
(b) by keeping them informned.
(c) by forming partnerships.
(d) by following their instructions.

5. While living in Washington DC, Warren worked as a:
(a) drug store soda fountain.
(b) congressional page.
(c) carrier for the Washington Post.
(d) congressional aide.

6. Susie did all but:
(a) shield him from his mother.
(b) took care of the kids.
(c) handle the family finances.
(d) work in Warren's office.

7. Warren bought all but the following through Berkshire:
(a) Sun Newspaper.
(b) American Express.
(c) Illinois National Bank and Trust.
(d) National Indemnity Company.

8. How many partnerships was Warren running by the end of his first year?
(a) three.
(b) five.
(c) nine.
(d) four.

9. Every year, Warren and Susie would:
(a) travel to Europe.
(b) shop in Beverly Hills.
(c) host a dinner for the investors.
(d) travel to New York.

10. What did Warren always wear in high school?
(a) a business cap.
(b) a Nebraska sweat shirt.
(c) dress shoes.
(d) sneakers.

11. Katherine Graham was the owner of the:
(a) Washington Star.
(b) Los Angeles Times.
(c) New York Times.
(d) Washington Post.

12. As a child, Warren Buffett had a 'thirst' for __________.
(a) books.
(b) games.
(c) money.
(d) numbers.

13. The key question in the anti-trust suit was:
(a) the purchase price of the Evening-News.
(b) the effect on circulation.
(c) whether the Evening News had the intent to monopolize.
(d) the effect on the Courier-News.

14. A cotton mill was established in New Bedford in:
(a) 1847.
(b) 1890.
(c) 1860.
(d) 1875.

15. Warren Buffett was born in___________.
(a) Kansas City, Nebraska.
(b) Omaha, Nebraska.
(c) Memphis, Tennessee.
(d) Chicago, Illinois.

Short Answer Questions

1. The salad oil owned by an American Express subsidiary was:

2. Which is not one of the three stocks that Buffett heavily invested in the 1960?

3. Warren first ran away at the age of:

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

5. What did Warren do with some of the profits from his paper route?

(see the answer keys)

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