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

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

3. Which of the following was not a reason why Warren didn't move to Southern California?
(a) he didn't want to leave the familiarity of Omaha.
(b) he would have to change his routine.
(c) he would have to leave his long-time secretary.
(d) his anger at Susie.

4. What did Buffett do that was different with Hochschild and Associated Cotton?
(a) purchased liquid sahres.
(b) purchased small amounts.
(c) bought the entire businesses.
(d) traded one business for another.

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

Short Answer Questions

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

2. What step did Buffett take in early 1966?

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

4. In Warren's view, the managers of other people's money:

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

(see the answer key)

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