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

2. 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."
(a) Management.
(b) Philosophy.
(c) Product.
(d) Intrinsic value.

3. Buffett criticizes __________ market theory as be does not believe it to be a truth.
(a) Effective.
(b) Eradicant.
(c) Erasing.
(d) Efficient.

4. The intrinsic business value goal was reached by ________, preferably 100% ownership of diverse business firms generating cash and above-average returns on capital.
(a) Direct.
(b) Passive.
(c) Prominent.
(d) Indirect.

5. What was the stock market value of the company in #49 when it was first purchased by Buffett?
(a) $250M.
(b) $500M.
(c) $300M.
(d) $100M.

Short Answer Questions

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

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

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

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

5. Berkshire might evolve into a _______ form of board situation, upon Buffett's death, according to the book.

(see the answer key)

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