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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. When Gutfreund resigned:

2. Why did US Air lose money after Buffett's investment?

3. Mrs. B built her furniture store into the biggest furniture store in the:

4. Warren's attitude toward leaving some money to his children changed when:

5. Buffet's view of stock index futures was:

Short Essay Questions

1. Salomon became the object of an SEC and Justice Department investigation because of their bond trading. What did they do?

2. What are zero coupon bonds that were being used to finance LBO?

3. What was Buffett's attitude about sharing his wealth with his children?

4. What was one of the first things Buffett did at Salomon?

5. What did Buffett do with his textile mills?

6. How does Buffett describe the difference between his public and private lives?

7. What were Buffett's views on hostile takeovers?

8. What was the newer Efficient Market Theory?

9. What did Buffett plan to do with his wealth when he died?

10. What was the effect of irregularities in the bond trading by Salomon on traders?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Who is Warren Buffett? How did he make his fortune? How does he differ from the other great American capitalists? What was his major strength?

Essay Topic 2

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 3

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?

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This section contains 694 words (approx. 3 pages at 300 words per page) View a FREE sample