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

Multiple Choice Questions

1. Warren made big profits by engaging in a practice known as:
(a) stock splitting.
(b) back room trading.
(c) leveraged buyouts.
(d) arbitrage.

2. The Evening News' rival newspaper was the:
(a) Courier Express.
(b) New York Post.
(c) New York Times.
(d) Toronto Star.

3. What does Buffett say about the hostile takeover of Time?
(a) it was an example of the destructive tactics of the merger era.
(b) it showed how smoothly the market worked.
(c) it could have been handled better.
(d) it was a good merger.

4. Buffett communicated with partners:
(a) by personal meetings with them.
(b) holding monthly meetings.
(c) through letters.
(d) on the phone.

5. At the 1968 meeting of his friends, who was not invited?
(a) Ben Graham.
(b) Bill Ruane.
(c) Charlie Munger.
(d) Carl Ican.

Short Answer Questions

1. In what simple way did Buffett find that people were still using their American Express cards?

2. While living in Washington DC, Warren worked as a:

3. What did Buffett advise his partners of in May 1967?

4. Susie did all but:

5. Buffett Partnership was Berkshire's biggest stockholder by:

(see the answer key)

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