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

Short Answer Questions

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

2. Buffett feared being known as:

3. Buffett began buying Berkshire-Hathaway stock in:

4. The Evening News' rival newspaper was the:

5. Warren handled his investments with people:

Short Essay Questions

1. How did Warren handle investments for others? What were his terms?

2. How did Buffett learn about GEICO?

3. What did Buffett conclude about American Express

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

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

6. Why were so many investors impressed by Warren?

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

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

9. How did Buffett help GEICO?

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

What characteristics did Warren Buffett have as a child that exhibited his natural abilities for business? Was he preoccupied with money? Why or why not?

Essay Topic 2

What is the importance of return on equity? Why did Buffett emphasize this? What happened when the Washington Post followed his advice?

Essay Topic 3

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?

(see the answer keys)

This section contains 596 words (approx. 2 pages at 300 words per page) View a FREE sample