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This quiz consists of 5 multiple choice and 5 short answer questions through The Carpet Woman.

Multiple Choice Questions

1. Warren made big profits by engaging in a practice known as:
(a) arbitrage.
(b) stock splitting.
(c) back room trading.
(d) leveraged buyouts.

2. What did the Courier-Star accuse the Evening News of?
(a) making deals with advertisers.
(b) poor reporting.
(c) monopolistic practices.
(d) lack of ethics.

3. When did Buffett and Munger buy the Buffalo Evening News?
(a) 1980.
(b) 1978.
(c) 1974.
(d) 1976.

4. As a result of the end of the Go Go era:
(a) traders were confused.
(b) market trading was thin.
(c) there was no direction to the market.
(d) funds were clustered in some growth stocks.

5. What event occurred in August 1967?
(a) new legislated limited partnership.
(b) the market crashed.
(c) Buffet's partnership eperienced its first loss.
(d) Congressional hearning into the rampant growth of mutual funds.

Short Answer Questions

1. The key question in the anti-trust suit was:

2. Why did Warren complete a Dale Carnegie course after completing business school?

3. What was one of the stocks that Warren bought and promoted while at Buffett-Falk?

4. Why did the Buffetts move to New York in 1954?

5. What step did Buffett take in early 1966?

(see the answer key)

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