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

Multiple Choice Questions

1. In the 1980-84 period, insurance companies:
(a) none of the above.
(b) stopped paying claims.
(c) cut premiums trying to maintain market share.
(d) stopped accepting new business.

2. Following Buffett's advice, the Post:
(a) attracted new readers.
(b) lost money.
(c) greatly increased its return on equity.
(d) expanded its operations.

3. What step did Buffett take in early 1966?
(a) began a new fund.
(b) quit the market.
(c) closed the partnership to new accounts.
(d) hired new analyst.

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

5. What did Buffett consider to be the most important factor in evaluating a company?
(a) profit as a percentage of capital invested.
(b) total profit.
(c) total sales.
(d) total costs.

Short Answer Questions

1. Throughout his years in school, Buffett said he would live in:

2. The Post company controlled all but the following:

3. Which of the following was not a reason why Warren didn't move to Southern California?

4. When did Buffett and Munger buy the Buffalo Evening News?

5. A cotton mill was established in New Bedford in:

(see the answer key)

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