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

Multiple Choice Questions

1. What kind of stocks were most popular at this time?
(a) huge conglomerates.
(b) high tech.
(c) blue chip.
(d) small companies.

2. What was one of the stocks that Warren bought and promoted while at Buffett-Falk?
(a) GEICO.
(b) Kimberly Clark.
(c) Proctor & Gamble.
(d) Standard Oil.

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

4. Regarding his textile mills, in the early 1980s, Buffett:
(a) closed them.
(b) continued to operate at a loss.
(c) made large capital investments.
(d) sold them.

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

Short Answer Questions

1. What magazine did Buffett first invest in?

2. What step did Buffett take in early 1966?

3. What did Buffett say he was putting his money into?

4. Buffett began buying stocks:

5. Mrs. B began in the furniture business by:

(see the answer key)

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