View a FREE sample

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

Multiple Choice Questions

1. What event occurred in August 1967?
(a) Buffet's partnership eperienced its first loss.
(b) the market crashed.
(c) new legislated limited partnership.
(d) Congressional hearning into the rampant growth of mutual funds.

2. What was important to the young Warren?
(a) games.
(b) books.
(c) making money and watching it grow.
(d) schools.

3. Warren increased his paper route by:
(a) asking for a new bigger territory.
(b) going door-to-door for subscriptions.
(c) adding the Times-Herald to his Washington Post route.
(d) his route was big enough.

4. What did Buffett recommend that the Post do?
(a) buy back its own stock.
(b) expand overseas.
(c) expand magazine operations.
(d) expand television operations.

5. Every year, Warren and Susie would:
(a) shop in Beverly Hills.
(b) host a dinner for the investors.
(c) travel to Europe.
(d) travel to New York.

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

7. What step did Buffett take in early 1966?
(a) began a new fund.
(b) closed the partnership to new accounts.
(c) quit the market.
(d) hired new analyst.

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

9. Berkshire and Hathaway merged in:
(a) 1960.
(b) 1958.
(c) 1950.
(d) 1955.

10. Studying under Graham allowed Warren to:
(a) quality to teach.
(b) complete his thesis.
(c) develop his own natural abilities.
(d) learn to develop a business.

11. Warren educated himself in all but the following ways:
(a) attending night school.
(b) studying actuarial tables.
(c) running his paper route.
(d) reading business books.

12. Which is not one of the three stocks that Buffett heavily invested in the 1960?
(a) TWA.
(b) Disney.
(c) Berkshire-Hawthaway.
(d) American Express.

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

14. By the time of World War I, what part of the New Bedford labor force worked at the mill?
(a) one third.
(b) one half.
(c) one fourth.
(d) three fourths.

15. The Buffett family owned and operated a ___________.
(a) grocery store.
(b) cattle ranch.
(c) corn farm.
(d) general store.

Short Answer Questions

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

2. The Post company controlled all but the following:

3. What did Warren always wear in high school?

4. Warren bought all but the following through Berkshire:

5. What did the Evening News do that resulted in an anti-trust suit?

(see the answer keys)

This section contains 432 words (approx. 2 pages at 300 words per page) View a FREE sample