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

Multiple Choice Questions

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

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

3. Warren made big profits by engaging in a practice known as:
(a) arbitrage.
(b) leveraged buyouts.
(c) stock splitting.
(d) back room trading.

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

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

Short Answer Questions

1. As a child, Warren Buffett had a 'thirst' for __________.

2. What was the most important aspect of American Express?

3. Warren's father worked as a ___________.

4. What did Buffett worry about at the age of twenty six when he had little money?

5. His best childhood friend was___________.

(see the answer key)

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