View a FREE sample

This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

1. Salomon grew from 1955 on when they announced:

2. Buffett's Graham group, his inner circle, met:

3. What term is used to denote risk?

4. Which investment banking firm did Buffett invest in?

5. Which of the following is not part of Buffett's guide to selecting stocks?

Short Essay Questions

1. What was the outcome of the government case against Salomon?

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

3. How many people are employed at Buffett's world headquarters?

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

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

6. What was the newer Efficient Market Theory?

7. Why did Buiffett invest in Salomon?

8. What did Susie do at the age of forty five?

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

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

The market of the mid 1960s proved very difficult for Buffett. Why did he have problems? Why did he close the partnership to new members in 1966? Why did he decide to liquidate Buffett Partnership in early 1969?

Essay Topic 2

Buffett's views and practices rarely coincided with the practices and views on Wall Street. In what areas did they differ and why? Give examples in your answer, and have make sure you mention three separate areas.

Essay Topic 3

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?

(see the answer keys)

This section contains 702 words (approx. 3 pages at 300 words per page) View a FREE sample