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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. Warren's philosophy for purchasing stocks included all but:

2. Buffett looked for stocks:

3. What did Susie unexpectedly do at the age of forty-five?

4. Buffett's theory of trading is based on:

5. When is a squeeze considered illegal?

Short Essay Questions

1. What did Buffett do with his textile mills?

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

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

4. Why did Buiffett invest in Salomon?

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

6. What kind of stocks did Buffett look for?

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

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

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

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

What do you think of Warren Buffett as a person, given what you have learned during the unit on this book? Do you think he is basically a good person? Why or why not? What aspects of Buffett don't you like?

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

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?

(see the answer keys)

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