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

Multiple Choice Questions

1. How many partnerships was Warren running by the end of his first year?
(a) four.
(b) three.
(c) nine.
(d) five.

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

3. Which of the following is not part of Buffett's guide to selecting stocks?
(a) ignoring macroeconomic trends and forecasts.
(b) trading on tips.
(c) stocks within one's circle of competence.
(d) doing his own market analysis.

4. Berkshire and Hathaway merged in:
(a) 1955.
(b) 1958.
(c) 1950.
(d) 1960.

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

Short Answer Questions

1. Buffett's theory of trading is based on:

2. What was the result of Warren's first year of partnership?

3. Warren bought all but the following through Berkshire:

4. What stock did Buffett begin to buy in the fall of 1988?

5. What term is used to denote risk?

(see the answer key)

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