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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. By the time of World War I, what part of the New Bedford labor force worked at the mill?

2. What magazine did Buffett first invest in?

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

4. Warren purchased his first stocks at the age of:

5. Buffett's goal, as stated to his partners, was to:

Short Essay Questions

1. How did Buffett communicate with his partners?

2. What did Berkshire-Hathaway produce?

3. 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?

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

5. What did Buffett conclude about American Express

6. What was Warren interested in as a child?

7. What was Berkshire-Hathaway?

8. How did Buffett learn about GEICO?

9. What did Buffett do from 1969 - 1973?

10. What were Buffett's plans for Berkshire?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

What do you think of Warren Buffett as a person, given what you have learned during the unit on this book? Do you think he is basically a good person? Why or why not? What aspects of Buffett don't you like?

Essay Topic 2

How did Buffett prosper during the insurance market problems in the 1990s? What did he do that others didn't? Explain the concept of float and how it applied to insurance companies in your answer.

Essay Topic 3

What was the basis of the Efficient Market Theory? Why did Buffett disagree with it? What were his reasons? On what did he base his investment decision?

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This section contains 570 words (approx. 2 pages at 300 words per page) View a FREE sample