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This quiz consists of 5 multiple choice and 5 short answer questions through Salomon's Court.

Multiple Choice Questions

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

2. Warren first ran away at the age of:
(a) fifteen.
(b) thirteen.
(c) nine.
(d) sixteen.

3. What bad investment did Warren make at this time?
(a) Dempster.
(b) Blue Eagle stamps.
(c) purchasing a house.
(d) National American.

4. In 1964, Stanton:
(a) filed a lawsuit.
(b) retired.
(c) old the remaining stock.
(d) tried to buy back the Berkshire stock.

5. Why is finance the opposite of investing?
(a) finance is based on Efficient Market Theory.
(b) finance is the same as investing.
(c) finance is based on Graham and Dodds theory.
(d) finance describes the corporate view of fund raising.

Short Answer Questions

1. Warren educated himself in all but the following ways:

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

3. Warren's philosophy for purchasing stocks included all but:

4. In the 1980-84 period, insurance companies:

5. What did Buffett do that was different with Hochschild and Associated Cotton?

(see the answer key)

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