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

2. His best childhood friend was___________.
(a) Bob Russell.
(b) John Buffet.
(c) Bill Gates.
(d) George Sklenicka.

3. What does Buffett say about the hostile takeover of Time?
(a) it showed how smoothly the market worked.
(b) it was a good merger.
(c) it could have been handled better.
(d) it was an example of the destructive tactics of the merger era.

4. Which of the following is not part of Buffett's guide to selecting stocks?
(a) stocks within one's circle of competence.
(b) doing his own market analysis.
(c) trading on tips.
(d) ignoring macroeconomic trends and forecasts.

5. Which of the following companies was the object of a hostile takeover in the 1980s?
(a) Time.
(b) General Goods.
(c) Berkshire.
(d) Revlon.

Short Answer Questions

1. Warren bought all but the following through Berkshire:

2. Warren married Susie Thompson in:

3. Berkshire and Hathaway merged in:

4. How long did Buffett go without buying any common stock after the Cap Cities deal in 1985?

5. Susie did all but:

(see the answer key)

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