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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. In the 1980-84 period, insurance companies:
(a) stopped accepting new business.
(b) none of the above.
(c) stopped paying claims.
(d) cut premiums trying to maintain market share.

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

3. Capital Cities was a:
(a) big cable, broadcasting and publishing company.
(b) clothing company.
(c) heavy equipment company.
(d) real estate company.

4. The injunction which the lower court issued was:
(a) was remanded to the lower court for review.
(b) overturned by an Appellate Court.
(c) upheld buy an Appellate Court.
(d) the Apellate Court changed the terms of the injunction.

5. What did the Evening News do that resulted in an anti-trust suit?
(a) lowered prices below costs.
(b) tried to force the Courier-News out of business.
(c) lowered prices.
(d) announced the publication of a Sunday edition.

Short Answer Questions

1. At the 1968 meeting of his friends, who was not invited?

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

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

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

5. These kinds of funds in this era were characterized as:

(see the answer key)

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