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

Multiple Choice Questions

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

2. 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.

3. What other kind of family-owned business did Buffet buy?
(a) grocery.
(b) advertising.
(c) jewelry.
(d) another furniture store.

4. Why did the Buffetts move to New York in 1954?
(a) Warren wanted a wider customer base.
(b) Buffett wanted to work at the New York Stock Exchange.
(c) Buffett accepted a job at Graham-Newman.
(d) Warren wanted to find a job.

5. What course did Warren teach at the University of Omaha?
(a) Introduction to Finance.
(b) Introduction to Economics.
(c) Investment Principles.
(d) Managerial Economics.

Short Answer Questions

1. These kinds of funds in this era were characterized as:

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

3. After graduating from business school, Warren returned to Omaha to work for:

4. When did Buffett and Munger buy the Buffalo Evening News?

5. Buffett told his partners all but the following:

(see the answer key)

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