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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. Which of the following is not part of Buffett's guide to selecting stocks?
(a) trading on tips.
(b) stocks within one's circle of competence.
(c) doing his own market analysis.
(d) ignoring macroeconomic trends and forecasts.

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

3. These kinds of funds in this era were characterized as:
(a) Go Go.
(b) irresponsible trading.
(c) bear market.
(d) bull market.

4. 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.

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

Short Answer Questions

1. Which of the following was not a reason why Warren didn't move to Southern California?

2. What did Susie unexpectedly do at the age of forty-five?

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

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

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

(see the answer key)

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