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

Multiple Choice Questions

1. Who had stock in many of the same companies as Buffett?
(a) Ben Graham.
(b) Seabury Stanton.
(c) Edwin Davis.
(d) Charlie Munger.

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

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

4. As a result of the stock market crash in October 1985, Berkshire:
(a) increased in value.
(b) lost ten percent of its value.
(c) lost one quarter of its value.
(d) was insolvent.

5. By the time of World War I, what part of the New Bedford labor force worked at the mill?
(a) three fourths.
(b) one third.
(c) one half.
(d) one fourth.

Short Answer Questions

1. The key question in the anti-trust suit was:

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

3. What problems did Buffett have making investments in the mid-1960s?

4. Warren married Susie Thompson in:

5. What did the young Warren trust?

(see the answer key)

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