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

Multiple Choice Questions

1. What was the initial book value of the company that Buffett and his partner acquired in 1964?
(a) $47.01.
(b) $35.00
(c) $10.67.
(d) $19.46.

2. Keynes stated: "The right method of investment is to put fairly large sums of money into enterprises which one thinks one knows something about and in the ________ of which one thoroughly believes."
(a) Intrinsic value.
(b) Product.
(c) Philosophy.
(d) Management.

3. Buffett criticizes __________ market theory as be does not believe it to be a truth.
(a) Erasing.
(b) Effective.
(c) Efficient.
(d) Eradicant.

4. What did Berkshire do in the case of the zero-coupon bonds? They deducted ______ with no cash paid out.
(a) Shares.
(b) Length of time to cash it out.
(c) Value.
(d) Interest.

5. Berkshire management's goal was to acquire and to retain high quality __________.
(a) Management.
(b) Shareholders.
(c) Workers.
(d) marketability.

Short Answer Questions

1. Buffett and Munger promised to provide sufficient additional _______ to evaluate true results.

2. Berkshire might evolve into a _______ form of board situation, upon Buffett's death, according to the book.

3. What were the name of the bonds that Buffett seeks to promote through Berkshire?

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

5. Many stocks had a _______, like Coca-Cola, but none have the same market share.

(see the answer key)

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