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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. At the 1968 meeting of his friends, who was not invited?
(a) Ben Graham.
(b) Charlie Munger.
(c) Carl Ican.
(d) Bill Ruane.

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

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

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

5. 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 would have to change his routine.
(c) he didn't want to leave the familiarity of Omaha.
(d) his anger at Susie.

Short Answer Questions

1. What step did Buffett take in early 1966?

2. By the 1990s, Buffett was worth:

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

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

5. These kinds of funds in this era were characterized as:

(see the answer key)

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