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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. How much did Buffett pay for Nebraska Furniture Mart?
(a) $60 million.
(b) $10 million.
(c) $5 million.
(d) $25 million.

2. Mrs. B began in the furniture business by:
(a) working in her father's store in Minsk.
(b) selling furniture out of her basement.
(c) working as a clerk in a furniture store in Omaha.
(d) buying a small furniture store and selling it.

3. Every year, Warren and Susie would:
(a) shop in Beverly Hills.
(b) host a dinner for the investors.
(c) travel to Europe.
(d) travel to New York.

4. What was not a characteristic of a performance fund?
(a) making fast money.
(b) sustained long term growth.
(c) moving in and out of stocks.
(d) short term perspective.

5. Buffet's view of stock index futures was:
(a) he relied on them.
(b) they would lead to excess speculation.
(c) they should be abandoned.
(d) they would benefit the market.

Short Answer Questions

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

2. What magazine did Buffett first invest in?

3. The Evening News' rival newspaper was the:

4. What company did Buffett say he would hold for the rest of his life?

5. What was Warren's major passion outside of work?

(see the answer key)

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