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This quiz consists of 5 multiple choice and 5 short answer questions through Howie Buffett's Corn.

Multiple Choice Questions

1. What did Buffett do that was different with Hochschild and Associated Cotton?
(a) purchased liquid sahres.
(b) bought the entire businesses.
(c) traded one business for another.
(d) purchased small amounts.

2. What did Warren do with some of the profits from his paper route?
(a) vacationed in Miami.
(b) bought a car.
(c) bought forty acres of Nebraska farmland.
(d) bought AT&T stock.

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

4. Buffett began buying stocks:
(a) for partners.
(b) with bargain prices for Berkshire.
(c) for the Buffett foundation.
(d) for his own account.

5. What did Warren vow after his involvement with Dempster?
(a) he liked the experience.
(b) he wanted to start a new company.
(c) he wanted to be a liquidator.
(d) he would never lay off people again.

Short Answer Questions

1. How many people worked at Berkshire's world headquarters:

2. What is the main qualification for buying a stock?

3. As Buffett's income and wealth grew, he:

4. What did the young Warren trust?

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

(see the answer key)

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