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This quiz consists of 5 multiple choice and 5 short answer questions through Common Stock.

Multiple Choice Questions

1. Buffett and his partner preferred to buy a company at a fair price at _______% interest.
(a) 99.
(b) 49.
(c) 100.
(d) 50.

2. Which of the partners had 99% of their net worth concentrated in Berkshire stock?
(a) Munger.
(b) Both.
(c) Buffett.
(d) Neither.

3. What was NOT one of the three tax-free gifting tactics that Buffett suggested to shareholders?
(a) Partnership form.
(b) Married couple gifting.
(c) Will gifting.
(d) Bargain sale.

4. What was the name of the bond holdings that Buffett added to Berkshire in 1989?
(a) Arrowhead.
(b) RJR Nabisco.
(c) General Mills.
(d) Pepsi.

5. How many primary holdings were permanent in the time of Buffett and Munger?
(a) Two.
(b) One.
(c) Three.
(d) Four.

Short Answer Questions

1. Buffett's criteria measured _________ expectations of the highest after-tax returns to maximize net worth in the long run.

2. Two super contagious diseases in the investment world included _______ and greed, according to the book.

3. Risk ___________ was defined as the pursuit of profits from anticipated events, according to the book.

4. Buffett's wealth was solely in _________ stock, investing and reinvesting dividends on its proportional increase per share market value over time.

5. Buffett disliked _________ because of its leverage, according to the book.

(see the answer key)

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