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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. What did the young Warren trust?

2. What was one of Buffett's first possessions that had to do with money?

3. What did Buffett worry about at the age of twenty six when he had little money?

4. After graduating from business school, Warren returned to Omaha to work for:

5. As a child, Warren was interested in:

Short Essay Questions

1. Why did Buffett want to study with Graham?

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

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

4. What did Buffett conclude about American Express

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

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

7. How did Buffett know of Ben Graham at Columbia?

8. What were Warren's views about attending college?

9. What was happening with other mutual funds by early 1967?

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Discuss the mergers and acquisitions craze of the 1980s. What are Buffett's views on hostile takeovers? What were his views on corporate raiders and their effect on companies and society?

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 didn't like losses but like anyone in business, he suffered his failures and losses. How did Buffett deal with failures and business losses? What did they signify to him?

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This section contains 639 words (approx. 3 pages at 300 words per page) View a FREE sample