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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 in her father's store in Minsk.
(b) working as a clerk in a furniture store in Omaha.
(c) selling furniture out of her basement.
(d) buying a small furniture store and selling it.

2. Warren handled his investments with people:
(a) by following their instructions.
(b) by keeping them informned.
(c) on an individual basis.
(d) by forming partnerships.

3. A cotton mill was established in New Bedford in:
(a) 1847.
(b) 1860.
(c) 1875.
(d) 1890.

4. Warren purchased his first stocks at the age of:
(a) eleven.
(b) twenty one.
(c) fifteen.
(d) nineteen.

5. Buffett's goal, as stated to his partners, was to:
(a) make them wealthy.
(b) purchase blue chip stocks.
(c) achieve a 10% rate of return.
(d) beat the Dow by an average of ten points per year.

Short Answer Questions

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

2. What was the result of Warren's first year of partnership?

3. When Buffett is described as a gorilla, it refers to:

4. What was Buffett's annual Christmas gift to each of his children?

5. Why did Buffett refuse to financially support his adult children?

(see the answer key)

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