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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. Warren bought all but the following through Berkshire:

2. Book value is:

3. Buffett Partnership was Berkshire's biggest stockholder by:

4. What newspaper stock did Buffett buy heavily?

5. The Evening News' rival newspaper was the:

Short Essay Questions

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

2. Where was Warren Buffett born and raised?

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

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

5. How did Buffett help GEICO?

6. What was Berkshire-Hathaway?

7. Why did Buffett want to study with Graham?

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

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

10. How did Buffett learn about GEICO?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Is Buffett's home life typical of the lives of other American families? Why or why not? Did Buffett's home life turn out the way he wanted it to?

Essay Topic 2

What are the points mentioned in Buffett's guide to selecting stocks? What kind of business did Buffett prefer? Why?

Essay Topic 3

What was Buffett's view on giving to social programs, particularly during the early 1970? Give some examples. Do you agree with his reasoning? Why or why not?

(see the answer keys)

This section contains 529 words (approx. 2 pages at 300 words per page) View a FREE sample