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

2. By the 1990s, Buffett was worth:
(a) $250 million.
(b) $1 billion.
(c) $500 million.
(d) $620 million.

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

4. Warren's philosophy for purchasing stocks included all but:
(a) honest and competent management.
(b) favorable long-term prospects.
(c) anticipation of short-term price movements.
(d) decent stock price.

5. By the end of 1988, the Berkshire share price was approximately?
(a) $5,500.
(b) $8,000.
(c) $1,000.
(d) $2,500.

Short Answer Questions

1. Buffett's new worth was approximately:

2. What step did Buffett take in early 1966?

3. In early 1967, Buffett advised his partners that:

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

5. Susie's absence made life:

(see the answer key)

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