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

2. In Warren's view, the managers of other people's money:
(a) had to responsibility to others.
(b) could act as they want.
(c) bore a heavy burden.
(d) had to have approval for any of their actions.

3. Buffett told his partners all but the following:
(a) he recommended Sequoia Fund.
(b) he could help place their money in municipal bonds.
(c) he would continue to manage their money.
(d) he would not act as their financial counsel.

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

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

Short Answer Questions

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

2. What did Buffett do that was different with Hochschild and Associated Cotton?

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

4. By the end of 1988, the Berkshire share price was approximately?

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

(see the answer key)

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