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This quiz consists of 5 multiple choice and 5 short answer questions through Berkshire Hathaway.

Multiple Choice Questions

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

2. Warren married Susie Thompson in:
(a) January 1951.
(b) April, 1952.
(c) June 1955.
(d) September 1953.

3. What was not a characteristic of a performance fund?
(a) short term perspective.
(b) making fast money.
(c) moving in and out of stocks.
(d) sustained long term growth.

4. What did Warren do with some of the profits from his paper route?
(a) bought AT&T stock.
(b) bought a car.
(c) vacationed in Miami.
(d) bought forty acres of Nebraska farmland.

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

Short Answer Questions

1. Buffett told his partners all but the following:

2. Which of the following was not some thing that Howard Buffett was against?

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

4. Warren did not want to attend college because:

5. What did Buffett consider to be the most important factor in evaluating a company?

(see the answer key)

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