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

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

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

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

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

Short Answer Questions

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

2. At the 1968 meeting of his friends, who was not invited?

3. What event occurred in August 1967?

4. By the 1990s, Buffett was worth:

5. Buffett's new worth was approximately:

(see the answer key)

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