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

Multiple Choice Questions

1. A cotton mill was established in New Bedford in:
(a) 1875.
(b) 1847.
(c) 1860.
(d) 1890.

2. What step did Buffett take in early 1966?
(a) hired new analyst.
(b) closed the partnership to new accounts.
(c) quit the market.
(d) began a new fund.

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

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

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

Short Answer Questions

1. What company did the partnership buy that Warren became chairman of?

2. Who handled Berkshire's investments:

3. While reaching Ben Graham, Warren learned about a company called:

4. The Nebraska Furniture Mart was owned by:

5. What term is used to denote risk?

(see the answer key)

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