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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) small companies.
(b) huge conglomerates.
(c) blue chip.
(d) high tech.

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

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

4. At the 1968 meeting of his friends, who was not invited?
(a) Bill Ruane.
(b) Carl Ican.
(c) Charlie Munger.
(d) Ben Graham.

5. 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 continue to manage their money.
(d) he would not act as their financial counsel.

Short Answer Questions

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

2. By the 1990s, Buffett was worth:

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

4. Buffett's new worth was approximately:

5. What did Buffett do that was different with Hochschild and Associated Cotton?

(see the answer key)

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