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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. Buffett feared being known as:
(a) a liquidator.
(b) unethical.
(c) wealthy.
(d) a loser.

2. The Buffett family owned and operated a ___________.
(a) cattle ranch.
(b) general store.
(c) corn farm.
(d) grocery store.

3. Which investment banking firm did Buffett invest in?
(a) Merrill Lynch.
(b) J.P. Morgan.
(c) Salomon.
(d) Smith Barney.

4. What did the Courier-Star accuse the Evening News of?
(a) lack of ethics.
(b) monopolistic practices.
(c) making deals with advertisers.
(d) poor reporting.

5. Cap Cities would use the money from Berkshire to:
(a) diversify.
(b) invest in the satellite business.
(c) modernize.
(d) buy ABC.

Short Answer Questions

1. What did Buffett always look at, especially in insurance?

2. What was not a characteristic of a performance fund?

3. According to the terms offered to the Davises, what percent of the profits would Warren receive?

4. Warren's attitude toward leaving some money to his children changed when:

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

(see the answer key)

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