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

Multiple Choice Questions

1. The market was considered a business partner with incurable _______ problems, according to the book.
(a) Spiritual.
(b) Banking.
(c) Investment.
(d) Emotional.

2. Popular theory at the time said that the market was totally efficient at _________ investment.
(a) Value.
(b) Scattered.
(c) Purchasing.
(d) Pricing.

3. Buffett and Munger do not check _________'s manic depressive daily price quotes to validate their investment.
(a) Mr. Big.
(b) Wall Street.
(c) New York Times.
(d) Mr. Market.

4. A __________ was something that Buffett and Munger believed was valuable to inform businesses owners of the year's business growth.
(a) Business gathering.
(b) Business trade show.
(c) Business forum.
(d) Business report.

5. Munger and Buffett act like ________ when it comes to considering the economic prospects of the businesses they buy.
(a) Stock traders.
(b) Business analysts.
(c) Kids.
(d) Bankers.

Short Answer Questions

1. Berkshire invested in companies with excellent economic prospects and outstanding __________.

2. Berkshire's board included a controlling ________, in which other board members could persuade others to make changes.

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

4. Substantial equity interest was NOT owned by one of the following companies.

5. Who was the financial mentor that Buffett relied upon for his teachings and lessons about the way to do business?

(see the answer key)

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