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

Multiple Choice Questions

1. His best childhood friend was___________.
(a) John Buffet.
(b) Bob Russell.
(c) George Sklenicka.
(d) Bill Gates.

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

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

4. Warren purchased his first stocks at the age of:
(a) nineteen.
(b) eleven.
(c) twenty one.
(d) fifteen.

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

Short Answer Questions

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

2. What was one of Buffett's first possessions that had to do with money?

3. Warren educated himself in all but the following ways:

4. Warren's father worked as a ___________.

5. What did Buffett advise his partners of in May 1967?

(see the answer key)

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