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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. Susie's absence made life:
(a) made Warren happier.
(b) difficult for Warren.
(c) game Warren more freedom.
(d) made Warren more self-sufficient.

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

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

4. In early 1967, Buffett advised his partners that:
(a) newer nutual funds achieved better returns than his did.
(b) the market was going to crash.
(c) there was too much competition in the market.
(d) he was changing the scope of the business.

5. What stock did Buffett begin to buy in the fall of 1988?
(a) ABC.
(b) Coca-Cola.
(c) NBC.
(d) Pepsi-Cola.

Short Answer Questions

1. What kind of stocks were most popular at this time?

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

3. Buffett told his partners all but the following:

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

5. What step did Buffett take in early 1966?

(see the answer key)

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