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This quiz consists of 5 multiple choice and 5 short answer questions through Washington Redux.

Multiple Choice Questions

1. How many partnerships was Warren running by the end of his first year?
(a) five.
(b) three.
(c) four.
(d) nine.

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

3. Warren educated himself in all but the following ways:
(a) attending night school.
(b) studying actuarial tables.
(c) reading business books.
(d) running his paper route.

4. Which of the following was not some thing that Howard Buffett was against?
(a) protecting US savings bond owners against inflation.
(b) the Bretton Woods monetary scheme.
(c) school lunch programs.
(d) European grain exports.

5. How did Buffett view investments and taxes?
(a) investments are made for tax purposes.
(b) tax avoidance is the reason for investing.
(c) the goal is to minimize taxes.
(d) the object should be to achieve the largest after tax rate of compound.

Short Answer Questions

1. What is the value of diversification?

2. As a child, Warren Buffett had a 'thirst' for __________.

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

4. What did Warren always wear in high school?

5. In 1964, Stanton:

(see the answer key)

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