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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 say he was putting his money into?
(a) money market funds.
(b) municipal bonds.
(c) blue chip stocks.
(d) a new mutual fund.

2. Buffett began buying Berkshire-Hathaway stock in:
(a) 1950.
(b) 1962.
(c) 1966.
(d) 1955.

3. What did Warren's father tell him when he returned from running away?
(a) improve his grades or give up the paper route.
(b) quit his job as punishment.
(c) he was grounded for one month.
(d) he was sending him back to Nebraska.

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

5. In 1964, Stanton:
(a) retired.
(b) old the remaining stock.
(c) filed a lawsuit.
(d) tried to buy back the Berkshire stock.

Short Answer Questions

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

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

3. What was one of the stocks that Warren bought and promoted while at Buffett-Falk?

4. What was important to the young Warren?

5. What industry did Buffett become interested in at this time?

(see the answer key)

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