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

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

4. Warren married Susie Thompson in:
(a) June 1955.
(b) September 1953.
(c) January 1951.
(d) April, 1952.

5. What newspaper stock did Buffett buy heavily?
(a) Chicago Sun Times.
(b) Washington Post.
(c) Miami Herald.
(d) New York Times.

Short Answer Questions

1. Warren attended graduate school at:

2. These kinds of funds in this era were characterized as:

3. While reaching Ben Graham, Warren learned about a company called:

4. The Evening News' rival newspaper was the:

5. Warren worked on all of the following during this period:

Short Essay Questions

1. Munger and Buffett purchased the Buffalo Evening Press and became involved in an anti-trust suit. What brought on the anti-trust suit by the rival Courier-News?

2. What was happening with other mutual funds by early 1967?

3. What did Buffett invest in after dissolving his partnership in May 1969?

4. Why were so many investors impressed by Warren?

5. What kind of business did Warren have in Washington DC in high school?

6. What were Buffett's plans for Berkshire?

7. What did Buffett conclude about American Express

8. What was Warren interested in as a child?

9. How did Buffett's partnership differ from other mutual funds?

10. What did Warren do after business school?

(see the answer keys)

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