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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

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

2. Warren did not want to attend college because:
(a) he didn't feel he could learn anything.
(b) he wanted to work.
(c) he wanted to travel.
(d) he wanted to get married.

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

4. Warren worked on all of the following during this period:
(a) Buffett-Falk.
(b) the family grocery business.
(c) a Dale Carnegie course.
(d) teaching in night school.

5. What did the Courier-Star accuse the Evening News of?
(a) poor reporting.
(b) monopolistic practices.
(c) making deals with advertisers.
(d) lack of ethics.

Short Answer Questions

1. In 1964, Stanton:

2. Warren Buffett was born in___________.

3. Which of the following was not one of the three companies that Buffett used to purchase stock and other companies?

4. What term can be used to characterize Warren at this age?

5. Warren educated himself in all but the following ways:

Short Essay Questions

1. What brought on the SEC investigation of Buffett and Munger?

2. What was Warren interested in as a child?

3. What did Warren do after business school?

4. Why did Buffett close the partnership to new accounts in 1966?

5. What did Buffett conclude about American Express

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

7. What did Warren do at the age of six when the family vacationed at Lake Okoboji?

8. What did twelve-year-old Warren have to say about money when asked why it was so important to him?

9. What were Buffett's views on religion?

10. What was Buffett's advice to Katherine Graham and the Washington Post?

(see the answer keys)

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