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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 did Buffett advise his partners of in May 1967?
(a) he was turning Buffett Partnership into a Performance Fund.
(b) Buffett Partnership was facing huge losses.
(c) he was liquidating Buffett Partnership.
(d) the partnership would go on without him.

2. Buffett would only consider investing in social projects if:
(a) he deemed it as a good cause.
(b) they showed a rate of return.
(c) he personally approved them.
(d) Susie approved them.

3. After graduating from business school, Warren returned to Omaha to work for:
(a) Citi Bank.
(b) Proctor & Gamble.
(c) Omaha National Bank.
(d) Buffett-Falk & Company.

4. Warren worked on all of the following during this period:
(a) a Dale Carnegie course.
(b) the family grocery business.
(c) Buffett-Falk.
(d) teaching in night school.

5. While reaching Ben Graham, Warren learned about a company called:
(a) Kimberly-Clark.
(b) AT&T.
(c) GEICO.
(d) State Farm Insurance.

Short Answer Questions

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

2. What was not a characteristic of a performance fund?

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

4. Ben Graham's specialty was:

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

(see the answer key)

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