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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 did Susie unexpectedly do at the age of forty-five?
(a) filed for divorce.
(b) returned to school.
(c) tried to commit suicide.
(d) moved out of Buffett's house and into a San Francisco apartment.

2. 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) his anger at Susie.
(c) he would have to change his routine.
(d) he would have to leave his long-time secretary.

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

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

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

Short Answer Questions

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

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

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

4. Which of the following is not part of Buffett's guide to selecting stocks?

5. Susie's absence made life:

(see the answer key)

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