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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. Salomon grew from 1955 on when they announced:

2. Buffett's views on hostile takeovers included all but:

3. Which investment banking firm did Buffett invest in?

4. When Buffett is described as a gorilla, it refers to:

5. Buffett appeared on:

Short Essay Questions

1. How did Buffett learn about the Nebraska Furniture Mart?

2. What did Buffett do with his textile mills?

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

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

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

6. What was the newer Efficient Market Theory?

7. What kind of stocks did Buffett look for?

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

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

10. What stock did Buffett begin purchasing in 1988?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

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?

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

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?

(see the answer keys)

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