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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. In the 1980-84 period, insurance companies:

2. Which of the following companies was the object of a hostile takeover in the 1980s?

3. What did Susie unexpectedly do at the age of forty-five?

4. Buffett's new worth was approximately:

5. How long did Buffett go without buying any common stock after the Cap Cities deal in 1985?

Short Essay Questions

1. Why wasn't Buffett adversely affected by the insurance market problems in 1985?

2. What was the newer Efficient Market Theory?

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

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

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

6. Buffett's career was based on the Graham and Dodds theory of investing. What are the basis of Buffet's beliefs based on the teachings of Graham and Dodds?

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

8. What stock did Buffett begin purchasing in 1988?

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

10. What are referred to as Buffett's sweetheart deals?

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

What is the importance of return on equity? Why did Buffett emphasize this? What happened when the Washington Post followed his advice?

Essay Topic 3

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?

(see the answer keys)

This section contains 663 words (approx. 3 pages at 300 words per page) View a FREE sample