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

Multiple Choice Questions

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

2. What event occurred in August 1967?
(a) the market crashed.
(b) new legislated limited partnership.
(c) Buffet's partnership eperienced its first loss.
(d) Congressional hearning into the rampant growth of mutual funds.

3. Warren did not want to attend college because:
(a) he wanted to get married.
(b) he wanted to travel.
(c) he wanted to work.
(d) he didn't feel he could learn anything.

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

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

Short Answer Questions

1. While living in Washington DC, Warren worked as a:

2. Hathaway was run by:

3. In early 1967, Buffett advised his partners that:

4. Warren handled his investments with people:

5. What step did Buffett take in early 1966?

(see the answer key)

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