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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. Which of the following was not a reason why Warren didn't move to Southern California?
(a) he would have to leave his long-time secretary.
(b) he didn't want to leave the familiarity of Omaha.
(c) his anger at Susie.
(d) he would have to change his routine.

2. Buffett's new worth was approximately:
(a) $1.35 billion.
(b) $900 million.
(c) $3.8 billion.
(d) $2.3 billion.

3. What did Buffett do that was different with Hochschild and Associated Cotton?
(a) traded one business for another.
(b) purchased small amounts.
(c) bought the entire businesses.
(d) purchased liquid sahres.

4. By the end of 1988, the Berkshire share price was approximately?
(a) $8,000.
(b) $5,500.
(c) $1,000.
(d) $2,500.

5. What problems did Buffett have making investments in the mid-1960s?
(a) a severe market slump.
(b) there were few good bargains in stocks.
(c) increased competition.
(d) a massive withdrawal of capital.

Short Answer Questions

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

2. What did Susie unexpectedly do at the age of forty-five?

3. What step did Buffett take in early 1966?

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

5. What was not a characteristic of a performance fund?

(see the answer key)

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