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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. The Treasure sells bonds to:

3. Which was not one of Buffett's big deals in the second half of 1989?

4. By the end of 1988, the Berkshire share price was approximately?

5. How much did Buffett pay for Nebraska Furniture Mart?

Short Essay Questions

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

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

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

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

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

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

7. What was one of Buffett's biggest fears in 1980?

8. What stock did Buffett begin purchasing in 1988?

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

10. What kind of stocks did Buffett look for?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

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 2

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 3

How did Buffett prosper during the insurance market problems in the 1990s? What did he do that others didn't? Explain the concept of float and how it applied to insurance companies in your answer.

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This section contains 633 words (approx. 3 pages at 300 words per page) View a FREE sample