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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. What was the title of Buffett in relation to his company?
(a) President.
(b) Owner.
(c) Vice-Chairman.
(d) Chairman.

2. How many primary holdings were permanent in the time of Buffett and Munger?
(a) One.
(b) Four.
(c) Three.
(d) Two.

3. Berkshire's long-term investment strategy to buy and to hold _______ for the long term was something that was comfortable to them.
(a) Buildings.
(b) Investments.
(c) Stockholders.
(d) Decisions.

4. Berkshire's board included a controlling ________, in which other board members could persuade others to make changes.
(a) Outsider.
(b) Owner.
(c) Competitor.
(d) Shareholder.

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

Short Answer Questions

1. Berkshire Hathaway's insurance companies maintained how many permanent common stock holdings?

2. The _______ doesn't feel poorer when the embezzler is getting richer.

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

4. Buffett's wealth was solely in _________ stock, investing and reinvesting dividends on its proportional increase per share market value over time.

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

(see the answer key)

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