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

Multiple Choice Questions

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

2. At the end of 1986, the approximate share price of Berkshire was?
(a) $950.
(b) $275.
(c) $1,500.
(d) $3,000.

3. What term can be used to characterize Warren at this age?
(a) unrealistic.
(b) cocky.
(c) ignorant.
(d) self-confident.

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

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

Short Answer Questions

1. Which is not one of the three stocks that Buffett heavily invested in the 1960?

2. What did Buffett consider to be the most important factor in evaluating a company?

3. What did Warren's father tell him when he returned from running away?

4. These kinds of funds in this era were characterized as:

5. At the 1968 meeting of his friends, who was not invited?

(see the answer key)

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