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

Multiple Choice Questions

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

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

3. Buffett told his partners all but the following:
(a) he would continue to manage their money.
(b) he could help place their money in municipal bonds.
(c) he would not act as their financial counsel.
(d) he recommended Sequoia Fund.

4. The key question in the anti-trust suit was:
(a) whether the Evening News had the intent to monopolize.
(b) the effect on the Courier-News.
(c) the effect on circulation.
(d) the purchase price of the Evening-News.

5. What problems did Buffett have making investments in the mid-1960s?
(a) increased competition.
(b) a severe market slump.
(c) there were few good bargains in stocks.
(d) a massive withdrawal of capital.

Short Answer Questions

1. What newspaper stock did Buffett buy heavily?

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

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

4. What did the Evening News do that resulted in an anti-trust suit?

5. Mrs. B built her furniture store into the biggest furniture store in the:

(see the answer key)

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