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This quiz consists of 5 multiple choice and 5 short answer questions through Alternatives to Common Stock.

Multiple Choice Questions

1. Alternative investments were considered for __________ high quality investments when a preferable business could not be located.
(a) Future.
(b) Short-term.
(c) Basic.
(d) Long-term.

2. Buffett managed by ________-related business principles, according to the book.
(a) Stock.
(b) Math.
(c) Owner.
(d) Business.

3. Buffett and Munger also followed the idea of minimal use of _______ and leverage, helping to create solid investments.
(a) Recovery.
(b) Divestment.
(c) Debt.
(d) Consolidation.

4. Who did Buffett authorize to use the essays in the book to popularize the teachings and Buffett's own implementation of the teachings?
(a) Munger.
(b) No one.
(c) Cunningham.
(d) Smith.

5. Buffett and his partner preferred to buy a company at a fair price at _______% interest.
(a) 99.
(b) 50.
(c) 100.
(d) 49.

Short Answer Questions

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

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

3. The board was ultimately responsible for any _______'s performance in the companies they held.

4. The margin of ________ was the cornerstone of investment success, according to Graham.

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

(see the answer key)

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