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This quiz consists of 5 multiple choice and 5 short answer questions through Secrets of the Temple.

Multiple Choice Questions

1. What kind of stocks were most popular at this time?
(a) huge conglomerates.
(b) blue chip.
(c) small companies.
(d) high tech.

2. How long did Buffett go without buying any common stock after the Cap Cities deal in 1985?
(a) eighteen months.
(b) one year.
(c) three years.
(d) six months.

3. These kinds of funds in this era were characterized as:
(a) bull market.
(b) bear market.
(c) Go Go.
(d) irresponsible trading.

4. What stock did Buffett begin to buy in the fall of 1988?
(a) Pepsi-Cola.
(b) Coca-Cola.
(c) NBC.
(d) ABC.

5. What was not a characteristic of a performance fund?
(a) making fast money.
(b) short term perspective.
(c) moving in and out of stocks.
(d) sustained long term growth.

Short Answer Questions

1. What did Buffett advise his partners of in May 1967?

2. In Warren's view, the managers of other people's money:

3. Warren's philosophy for purchasing stocks included all but:

4. In early 1967, Buffett advised his partners that:

5. What did Buffett say he was putting his money into?

(see the answer key)

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