View a FREE sample

This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. Which of the following is not one of the terms of Warren's partnership?
(a) Warren would only make the investments his partners wanted.
(b) secrecy.
(c) adding and withdrawing capital only on December 31.
(d) Investors had no say in the kinds of investments.

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

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

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

5. What course did Warren teach at the University of Omaha?
(a) Introduction to Economics.
(b) Managerial Economics.
(c) Introduction to Finance.
(d) Investment Principles.

6. Warren attended graduate school at:
(a) Harvard.
(b) Princeton.
(c) University of Chicago.
(d) Columbia.

7. What was one of Buffett's first possessions that had to do with money?
(a) a wallet.
(b) a money clip.
(c) a piggy bank.
(d) a nickel-coated money changer.

8. What was the result of Warren's first year of partnership?
(a) they underperformed.
(b) the results were inconclusive.
(c) they outperformed the Dow.
(d) they matched the Dow in performance.

9. What was Warren's major passion outside of work?
(a) tennis.
(b) bridge.
(c) golf.
(d) baseball.

10. Buffett became a director on the board of the Post in:
(a) 1970.
(b) 1980.
(c) 1976.
(d) 1974.

11. What is the main qualification for buying a stock?
(a) bargain price.
(b) the potential.
(c) past performance.
(d) overall picture.

12. Buffett Partnership was Berkshire's biggest stockholder by:
(a) 1965.
(b) 1966.
(c) 1962.
(d) 1963.

13. When did Buffett and Munger buy the Buffalo Evening News?
(a) 1978.
(b) 1980.
(c) 1974.
(d) 1976.

14. How old was Warren when his father became Congressman?
(a) six.
(b) twenty three.
(c) eighteen.
(d) twelve.

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

Short Answer Questions

1. What did Buffett say he was putting his money into?

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

3. The key question in the anti-trust suit was:

4. As a result of the end of the Go Go era:

5. What was not a characteristic of a performance fund?

(see the answer keys)

This section contains 404 words (approx. 2 pages at 300 words per page) View a FREE sample