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. In Congressional testimony, Buffett makes it clear that:

2. With zero-coupon bond, the borrower:

3. Buffett's annual shareholders meetings differed from those of other companies because:

4. What term is used to denote risk?

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

Short Essay Questions

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

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

3. Buffett's career was based on the Graham and Dodds theory of investing. What are the basis of Buffet's beliefs based on the teachings of Graham and Dodds?

4. Why did Buiffett invest in Salomon?

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

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

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

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

9. What did Buffett do with his textile mills?

10. Buffett was interested in buying media companies in the 1980s. Why did he invest in Cap Cities through Berkshire?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Discuss the mergers and acquisitions craze of the 1980s. What are Buffett's views on hostile takeovers? What were his views on corporate raiders and their effect on companies and society?

Essay Topic 2

Explain Buffett's attitude toward his wealth? Why was he so secretive? Why did he always tell his children that they would never have any of his money? How would you characterize the Buffett home?

Essay Topic 3

Buffett didn't like losses but like anyone in business, he suffered his failures and losses. How did Buffett deal with failures and business losses? What did they signify to him?

(see the answer keys)

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