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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 step did Buffett take in early 1966?
(a) hired new analyst.
(b) closed the partnership to new accounts.
(c) began a new fund.
(d) quit the market.

2. In early 1967, Buffett advised his partners that:
(a) the market was going to crash.
(b) newer nutual funds achieved better returns than his did.
(c) he was changing the scope of the business.
(d) there was too much competition in the market.

3. What did Buffett say he was putting his money into?
(a) money market funds.
(b) municipal bonds.
(c) a new mutual fund.
(d) blue chip stocks.

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

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

Short Answer Questions

1. Buffett told his partners all but the following:

2. What kind of stocks were most popular at this time?

3. What stock did Buffett begin to buy in the fall of 1988?

4. How long did Buffett go without buying any common stock after the Cap Cities deal in 1985?

5. Which of the following was not a reason why Warren didn't move to Southern California?

(see the answer key)

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