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

Multiple Choice Questions

1. Regarding his textile mills, in the early 1980s, Buffett:
(a) made large capital investments.
(b) sold them.
(c) closed them.
(d) continued to operate at a loss.

2. What did Warren vow after his involvement with Dempster?
(a) he would never lay off people again.
(b) he wanted to be a liquidator.
(c) he liked the experience.
(d) he wanted to start a new company.

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

4. Why did Warren complete a Dale Carnegie course after completing business school?
(a) to master his fear of public speaking.
(b) it would look impressive on his resume.
(c) he was bored.
(d) he was looking to make contacts for his stock sales.

5. What did Buffett worry about at the age of twenty six when he had little money?
(a) where he would retire to.
(b) on an individual basis.
(c) how to amass a fortune.
(d) how much money to leave to his children and what to do with the money.

Short Answer Questions

1. Buffett wanted his money to be used for:

2. What did Warren's father tell him when he returned from running away?

3. Book value is:

4. The SEC inquiry was concerned with:

5. The Post company controlled all but the following:

(see the answer key)

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