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

Multiple Choice Questions

1. Graham and Dodds did work in:
(a) business management.
(b) stock valuation.
(c) commodity futures.
(d) selling and marketing.

2. In their senior year, Warren and Danley opened a:
(a) stock quote business.
(b) courier service.
(c) magazine clipping service.
(d) pinball machine business.

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

4. How did Buffett view investments and taxes?
(a) the object should be to achieve the largest after tax rate of compound.
(b) investments are made for tax purposes.
(c) tax avoidance is the reason for investing.
(d) the goal is to minimize taxes.

5. Buffett bought enough of Berkshire to:
(a) arouse the curiousity of the press.
(b) bring on a lawsuit.
(c) sit on the board.
(d) to anger his other partners.

Short Answer Questions

1. Warren purchased his first stocks at the age of:

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

3. Which of the following was not some thing that Howard Buffett was against?

4. How many partnerships was Warren running by the end of his first year?

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

(see the answer key)

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