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

Multiple Choice Questions

1. Buffett's goal, as stated to his partners, was to:
(a) beat the Dow by an average of ten points per year.
(b) make them wealthy.
(c) purchase blue chip stocks.
(d) achieve a 10% rate of return.

2. Which of the following was not one of the permanent three in Berkshire's portfolio?
(a) Washington Post.
(b) IBM.
(c) Cap Cities.
(d) GEICO.

3. Buffett gained total control of Berkshire in:
(a) July 1963.
(b) June 1964.
(c) May 1965.
(d) September 1964.

4. Cap Cities would use the money from Berkshire to:
(a) diversify.
(b) invest in the satellite business.
(c) buy ABC.
(d) modernize.

5. While living in Washington DC, Warren worked as a:
(a) carrier for the Washington Post.
(b) drug store soda fountain.
(c) congressional aide.
(d) congressional page.

Short Answer Questions

1. What magazine did Buffett first invest in?

2. The SEC inquiry was concerned with:

3. The Buffett family owned and operated a ___________.

4. Buffett's Graham group, his inner circle, met:

5. Following Buffett's advice, the Post:

(see the answer key)

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