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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 was one of Buffett's first possessions that had to do with money?
(a) a money clip.
(b) a nickel-coated money changer.
(c) a wallet.
(d) a piggy bank.

2. As a child, Warren Buffett had a 'thirst' for __________.
(a) books.
(b) games.
(c) money.
(d) numbers.

3. Buffett began buying stocks:
(a) for the Buffett foundation.
(b) for partners.
(c) with bargain prices for Berkshire.
(d) for his own account.

4. What kind of stocks were most popular at this time?
(a) blue chip.
(b) high tech.
(c) huge conglomerates.
(d) small companies.

5. Warren bought all but the following through Berkshire:
(a) Sun Newspaper.
(b) Illinois National Bank and Trust.
(c) American Express.
(d) National Indemnity Company.

Short Answer Questions

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

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

3. During the early 1960s, the company's stock price:

4. Warren made big profits by engaging in a practice known as:

5. What was the result of Warren's first year of partnership?

(see the answer key)

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