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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. At a press conference, Buffet announced that he will:

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

3. The head of Salomon was:

4. Buffet's view of stock index futures was:

5. Mrs. B built her furniture store into the biggest furniture store in the:

Short Essay Questions

1. Why did Buiffett invest in Salomon?

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

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

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

5. What kind of stocks did Buffett look for?

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

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

8. What did Buffett do with his textile mills?

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

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Warren established his goal at an early age. What steps did he take to fulfill his objectives? Why did he complete the Dale Carnegie course? What did this give him the confidence to do?

Essay Topic 2

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 3

What was the basis of the Efficient Market Theory? Why did Buffett disagree with it? What were his reasons? On what did he base his investment decision?

(see the answer keys)

This section contains 683 words (approx. 3 pages at 300 words per page) View a FREE sample