View a FREE sample

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

Multiple Choice Questions

1. Buffett and Munger were often asked to ________ under the assumption it would benefit shareholders, but they disagree.
(a) Keep stock.
(b) Buy more holdings.
(c) Sell stock.
(d) Split stock.

2. The $70B enterprise that Buffett and his partner buy includes GEICO and ________ corporation.
(a) GE Re.
(b) Microsoft.
(c) General Mills.
(d) Apple.

3. How much profit did the new holding of Berkshire make for Buffett and Munger?
(a) $500M.
(b) $150M.
(c) $250M.
(d) $100M.

4. Buffett and Munger promised to provide sufficient additional _______ to evaluate true results.
(a) Shareholders.
(b) Funding.
(c) Research.
(d) Information.

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

Short Answer Questions

1. Berkshire's long-term investment strategy to buy and to hold _______ for the long term was something that was comfortable to them.

2. Buffett and Munger invested based on company operating results and not on ____________.

3. How many owner-related business principles were listed in this section of the book by Buffett?

4. Buffett realized that it was helpful to be _________ when others were fearful in the market.

5. Preferred stock is considered with _________ that Munger and Buffett like, admire, and trust.

(see the answer key)

This section contains 199 words (approx. 1 page at 300 words per page) View a FREE sample