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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. What did Buffett worry about at the age of twenty six when he had little money?
(a) on an individual basis.
(b) where he would retire to.
(c) how to amass a fortune.
(d) how much money to leave to his children and what to do with the money.

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

3. During the early 1960s, the company's stock price:
(a) decreased.
(b) stock split several times.
(c) doubled in value.
(d) increased.

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

5. Susie did all but:
(a) work in Warren's office.
(b) handle the family finances.
(c) shield him from his mother.
(d) took care of the kids.

Short Answer Questions

1. What was important to the young Warren?

2. His best childhood friend was___________.

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

4. Warren did not want to attend college because:

5. How did Buffett view investments and taxes?

(see the answer key)

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