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

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

3. What did Buffett advise his partners of in May 1967?
(a) the partnership would go on without him.
(b) he was liquidating Buffett Partnership.
(c) Buffett Partnership was facing huge losses.
(d) he was turning Buffett Partnership into a Performance Fund.

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

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

Short Answer Questions

1. What step did Buffett take in early 1966?

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

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

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

5. What event occurred in August 1967?

(see the answer key)

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