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

Multiple Choice Questions

1. Book value is:
(a) what the market thinks a business is worth.
(b) capital invested in a business plus retained profits.
(c) the value of a company's asset.
(d) the value of a company's stock.

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

3. Hathaway was run by:
(a) Samuel Stater.
(b) Olive Chace.
(c) Seabury Stanton.
(d) Charlie Munger.

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

5. What company did the partnership buy that Warren became chairman of?
(a) Sanford Map.
(b) Control Data.
(c) Dempster.
(d) National American Fire Insurance.

Short Answer Questions

1. The Buffett family owned and operated a ___________.

2. By the time of World War I, what part of the New Bedford labor force worked at the mill?

3. In early 1967, Buffett advised his partners that:

4. In their senior year, Warren and Danley opened a:

5. What was the most important aspect of American Express?

(see the answer key)

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