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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. Regarding his textile mills, in the early 1980s, Buffett:

2. The head of Salomon was:

3. Susie's absence made life:

4. What information did Jon Gutfruend withhold?

5. Which of the following was not a reason why Warren didn't move to Southern California?

Short Essay Questions

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

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

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

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

5. What did Buffett do with his textile mills?

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

7. What stock did Buffett begin purchasing in 1988?

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

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

10. What kind of stocks did Buffett look for?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

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 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

What was Buffett's strategy for buying companies? How did he finance them? Did he take an active role in their management or did he sit in the background?

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This section contains 645 words (approx. 3 pages at 300 words per page) View a FREE sample