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

Multiple Choice Questions

1. Most Berkshire _______ had their net worth invested primarily in the company.
(a) Workers.
(b) Directors.
(c) Secretaries.
(d) Shareholders.

2. What was the title of Buffett in relation to his company?
(a) Vice-Chairman.
(b) Chairman.
(c) Owner.
(d) President.

3. In 1992, what did the Berkshire per share stock price increase past?
(a) $25,000.
(b) $30,000.
(c) $10,000.
(d) $20,000.

4. _________ percentage ownership was acquired when the market presented opportunities, according to the book.
(a) Greater.
(b) More.
(c) Beholden.
(d) Lesser.

5. _________ can be foolish, according to the lessons in this chapter, foolhardy even, or just be fooling buyers and sellers.
(a) Buffett.
(b) Smith.
(c) Mr. Big.
(d) Mr. Market.

Short Answer Questions

1. The bonds that Buffett decides to buy in 1989 were thought to be ________, but turn out to be fallen angels.

2. Buffett dismissed risk in his choices with his notion that falling __________ prices present an opportunity to buy.

3. Buffett criticizes __________ market theory as be does not believe it to be a truth.

4. Berkshire Hathaway's insurance companies maintained how many permanent common stock holdings?

5. The partners considered a lesser interest if the ________ price was less than what it would be for 100%.

(see the answer key)

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