View a FREE sample

This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

1. Buffett bought enough of Berkshire to:

2. Warren married Susie Thompson in:

3. What was Warren's major passion outside of work?

4. How many partnerships was Warren running by the end of his first year?

5. How old was Warren when his father became Congressman?

Short Essay Questions

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

2. How did Buffett help GEICO?

3. What were Warren's classmates' views of him?

4. What is the difference between the quantitative appeal of Berkshire and the qualitative appeal of American Express?

5. In evaluating companies, Buffett looked at whether they were cash consuming or cash generating. What is the difference?

6. How did Buffett communicate with his partners?

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

8. What did Buffett feel was most important in the evaluation of a company?

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

10. How did Buffett's partnership do in their first five years?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Explain Buffett's attitude toward his wealth? Why was he so secretive? Why did he always tell his children that they would never have any of his money? How would you characterize the Buffett home?

Essay Topic 2

Buffett was concerned with the continuity of Berkshire after his death. What provisions did he make for the company? Who, if anyone, would take over? Why did he assure his investors that there wouldn't be any significant stock sales?

Essay Topic 3

Buffett's views and practices rarely coincided with the practices and views on Wall Street. In what areas did they differ and why? Give examples in your answer, and have make sure you mention three separate areas.

(see the answer keys)

This section contains 590 words (approx. 2 pages at 300 words per page) View a FREE sample