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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. At the 1968 meeting of his friends, who was not invited?

2. Warren Buffett was born in___________.

3. What problems did Buffett have making investments in the mid-1960s?

4. What did Buffett consider to be the most important factor in evaluating a company?

5. Buffett began buying stocks:

Short Essay Questions

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

2. What was the outcome of the anti-trust suit?

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

4. What did Berkshire-Hathaway produce?

5. Why were so many investors impressed by Warren?

6. How did Buffett communicate with his partners?

7. What did Warren do after business school?

8. What was Berkshire-Hathaway?

9. What did Buffett do from 1969 - 1973?

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

What is an investment partnership? What were the terms of Buffett's partnership? What was his strong point in his sales pitches? Would you have felt comfortable with the terms?

Essay Topic 2

What was Buffett's role in the government's case against Salomon Brothers? What position did Buffett take in the situation? Do you agree with him? Why or why not?

Essay Topic 3

Buffett has been characterized as an accumulator and one who hangs on to things? Comment on this? Do you think it is true? Why or why not?

(see the answer keys)

This section contains 576 words (approx. 2 pages at 300 words per page) View a FREE sample