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

Multiple Choice Questions

1. As a result of the end of the Go Go era:
(a) market trading was thin.
(b) traders were confused.
(c) there was no direction to the market.
(d) funds were clustered in some growth stocks.

2. What bad investment did Warren make at this time?
(a) National American.
(b) Blue Eagle stamps.
(c) Dempster.
(d) purchasing a house.

3. What event occurred in August 1967?
(a) the market crashed.
(b) Congressional hearning into the rampant growth of mutual funds.
(c) Buffet's partnership eperienced its first loss.
(d) new legislated limited partnership.

4. During the early 1960s, the company's stock price:
(a) decreased.
(b) stock split several times.
(c) doubled in value.
(d) increased.

5. What is the main qualification for buying a stock?
(a) bargain price.
(b) the potential.
(c) overall picture.
(d) past performance.

Short Answer Questions

1. What step did Buffett take in early 1966?

2. Cap Cities would use the money from Berkshire to:

3. What did the Evening News do that resulted in an anti-trust suit?

4. What does Buffett say about the hostile takeover of Time?

5. Buffett would only consider investing in social projects if:

(see the answer key)

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