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This quiz consists of 5 multiple choice and 5 short answer questions through Return of the Native.

Multiple Choice Questions

1. These kinds of funds in this era were characterized as:
(a) Go Go.
(b) irresponsible trading.
(c) bull market.
(d) bear market.

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

3. In what simple way did Buffett find that people were still using their American Express cards?
(a) he contacted the chairman of the board.
(b) he hired an analyst to perform research
(c) he hired a market research firm to perform a survey.
(d) he sat in a restaurant and watched how people paid thier bills.

4. Buffett Partnership was Berkshire's biggest stockholder by:
(a) 1963.
(b) 1962.
(c) 1966.
(d) 1965.

5. According to the terms offered to the Davises, what percent of the profits would Warren receive?
(a) 50%.
(b) 30%.
(c) 25%.
(d) 15%.

Short Answer Questions

1. What was not a characteristic of a performance fund?

2. What is the main qualification for buying a stock?

3. What did Buffett say he was putting his money into?

4. What kind of stocks were most popular at this time?

5. Warren bought all but the following through Berkshire:

(see the answer key)

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