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This quiz consists of 5 multiple choice and 5 short answer questions through Corporate Finance and Investing.

Multiple Choice Questions

1. The margin of ________ was the cornerstone of investment success, according to Graham.
(a) Error.
(b) Reward.
(c) Risk.
(d) Safety.

2. Berkshire invested in companies with excellent economic prospects and outstanding __________.
(a) Websites.
(b) Stock prices.
(c) Ideas.
(d) Managers.

3. What was the name of Warren Buffett's partner in the company they shared?
(a) Bill Gates.
(b) Steve Jobs.
(c) Charlie Munger.
(d) Lloyd Munger.

4. Who did Buffett authorize to use the essays in the book to popularize the teachings and Buffett's own implementation of the teachings?
(a) Cunningham.
(b) No one.
(c) Smith.
(d) Munger.

5. The purchase of the company listed in #49 was influenced by whose investing principles?
(a) Charlie Munger.
(b) Warren Buffett.
(c) No one's.
(d) Ben Graham.

Short Answer Questions

1. What was the name of the company that Buffett and Munger bought in 1973?

2. When did Berkshire Hathaway begin as a textile company?

3. The board was ultimately responsible for any _______'s performance in the companies they held.

4. Keynes stated: "The right method of investment is to put fairly large sums of money into enterprises which one thinks one knows something about and in the ________ of which one thoroughly believes."

5. Who was the financial mentor that Buffett relied upon for his teachings and lessons about the way to do business?

(see the answer key)

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