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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) making fast money.
(b) moving in and out of stocks.
(c) sustained long term growth.
(d) short term perspective.

2. What did Warren always wear in high school?
(a) a business cap.
(b) sneakers.
(c) dress shoes.
(d) a Nebraska sweat shirt.

3. Warren first ran away at the age of:
(a) thirteen.
(b) sixteen.
(c) fifteen.
(d) nine.

4. What is the main qualification for buying a stock?
(a) the potential.
(b) bargain price.
(c) past performance.
(d) overall picture.

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

Short Answer Questions

1. According to the terms offered to the Davises, what percent of the profits would Warren receive?

2. What bad investment did Warren make at this time?

3. In their senior year, Warren and Danley opened a:

4. What did Buffett do that was different with Hochschild and Associated Cotton?

5. What is the value of diversification?

(see the answer key)

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