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

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

3. What were the name of the bonds that were issued during WWI?
(a) Series II.
(b) Series B.
(c) Series E.
(d) IRA.

4. The margin of ________ was the cornerstone of investment success, according to Graham.
(a) Error.
(b) Reward.
(c) Safety.
(d) Risk.

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

Short Answer Questions

1. Buffett is proud that ____% of the shares outstanding at the end of each year were held by the same shareholders.

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

3. How much was the company worth that Buffett and his partner created at the time of this book?

4. In some cases, the benefits of partial ownership earnings may far outweigh the ________ acquisition cost.

5. Buffett thought that any CEO who set earning targets and forecasts might also take ______ with accounting measures.

(see the answer key)

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