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

Multiple Choice Questions

1. In their senior year, Warren and Danley opened a:
(a) magazine clipping service.
(b) pinball machine business.
(c) courier service.
(d) stock quote business.

2. What did Buffett consider to be the most important factor in evaluating a company?
(a) total costs.
(b) profit as a percentage of capital invested.
(c) total sales.
(d) total profit.

3. Graham and Dodds did work in:
(a) commodity futures.
(b) selling and marketing.
(c) business management.
(d) stock valuation.

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

5. Warren bought all but the following through Berkshire:
(a) National Indemnity Company.
(b) Illinois National Bank and Trust.
(c) Sun Newspaper.
(d) American Express.

Short Answer Questions

1. Why did the Buffetts move to New York in 1954?

2. What did Warren's father tell him when he returned from running away?

3. Buffett feared being known as:

4. Susie did all but:

5. Hathaway was run by:

(see the answer key)

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