View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through Corporate Finance and Investing.

Multiple Choice Questions

1. What was the one thing that Munger and Buffett would not address in their question sessions?
(a) Numbers.
(b) Nothing.
(c) Investment strategies.
(d) Personal business.

2. The partners considered a lesser interest if the ________ price was less than what it would be for 100%.
(a) Pro-rate.
(b) Pro-biotic.
(c) Pro-management.
(d) Pro-rata.

3. Buffett's wealth was solely in _________ stock, investing and reinvesting dividends on its proportional increase per share market value over time.
(a) Coca-Cola.
(b) Berkshire.
(c) GEICO.
(d) Wells Fargo.

4. Berkshire might evolve into a _______ form of board situation, upon Buffett's death, according to the book.
(a) Second.
(b) Fourth.
(c) Dissolved.
(d) Third.

5. A CEO unlikely to dispose of his successful operating business may sell profitable stock investments to redeploy _________.
(a) Interest.
(b) Dividends.
(c) Nothing.
(d) Capital.

Short Answer Questions

1. 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."

2. The current value of the company Buffett and his partner bought showed that they understated its current ________ value.

3. What was the name of the bank that had substantial equity interest in Berkshire?

4. Buffett and Munger bought _________ companies the same way they might buy private companies.

5. Buffett's ______ years of experience cause him to think that efficient times in the market do not constitute an efficient market.

(see the answer key)

This section contains 227 words (approx. 1 page at 300 words per page) View a FREE sample