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

Multiple Choice Questions

1. As a result of the stock market crash in October 1985, Berkshire:
(a) was insolvent.
(b) lost one quarter of its value.
(c) lost ten percent of its value.
(d) increased in value.

2. What was Warren's major passion outside of work?
(a) golf.
(b) baseball.
(c) bridge.
(d) tennis.

3. As a result of the end of the Go Go era:
(a) traders were confused.
(b) funds were clustered in some growth stocks.
(c) there was no direction to the market.
(d) market trading was thin.

4. The SEC began an investigation of Buffett and Munger when they:
(a) bought blue Chip.
(b) bought See's Candy Shops.
(c) bought Diversified.
(d) filed to merge Diversified into Berkshire.

5. Warren increased his paper route by:
(a) asking for a new bigger territory.
(b) his route was big enough.
(c) adding the Times-Herald to his Washington Post route.
(d) going door-to-door for subscriptions.

Short Answer Questions

1. How many people worked at Berkshire's world headquarters:

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

3. A cotton mill was established in New Bedford in:

4. What term is used to denote risk?

5. The Efficient Market Theory was popular because it:

(see the answer key)

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