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. Buffett believed that many annual ________ were a waste of time for the shareholders and the management.
(a) Charts.
(b) Meetings.
(c) Updates.
(d) Reports.

2. When did Berkshire Hathaway begin as a textile company?
(a) 1967.
(b) Early 1900s.
(c) Early 1800s.
(d) 1956.

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) Wells Fargo.
(c) GEICO.
(d) Berkshire.

4. The current value of the company Buffett and his partner bought showed that they understated its current ________ value.
(a) World.
(b) Market.
(c) Business.
(d) Intrinsic.

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

Short Answer Questions

1. Buffett and Munger both opposed any selective ________ and predictive growth rates from the CEOs who reported them.

2. The long-term economic goal was to maximize per-share average annual rate of gain at ______% of the intrinsic business value.

3. The market was considered a business partner with incurable _______ problems, according to the book.

4. A CEO unlikely to dispose of his successful operating business may sell profitable stock investments to redeploy _________.

5. Ben Graham personified the market with the name ___________, to give it a more human side.

(see the answer key)

This section contains 208 words (approx. 1 page at 300 words per page) View a FREE sample