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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. Buffett's long term economic goal was to maximize per share _________ value of Berkshire stock by owning a diversified group of businesses.
(a) Market.
(b) Intrinsic.
(c) Economic.
(d) True.

2. What was the name of Warren Buffett's partner in the company they shared?
(a) Lloyd Munger.
(b) Charlie Munger.
(c) Bill Gates.
(d) Steve Jobs.

3. Buffett and Munger both opposed any selective ________ and predictive growth rates from the CEOs who reported them.
(a) Truth.
(b) Strategies.
(c) Disclosure.
(d) Purchases.

4. Essays are from __________ that Buffett prepared for and wrote for Berkshire shareholders.
(a) Annual reports.
(b) Trainings.
(c) Personal notes.
(d) Seminars.

5. Substantial equity interest was NOT owned by one of the following companies.
(a) GEICO.
(b) Coca-Cola.
(c) American Express.
(d) Gillette.

Short Answer Questions

1. What was the value of the shares of the company that Buffett and his partner purchased thirty years after its purchase?

2. How many primary holdings were permanent in the time of Buffett and Munger?

3. Buffett did not expand, borrow, or sell unless Berkshire received as much _________ as it gave.

4. What was NOT one of the elements listed in the elements of arbitrage in the book?

5. A __________ was something that Buffett and Munger believed was valuable to inform businesses owners of the year's business growth.

(see the answer key)

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