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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. Berkshire invested in companies with excellent economic prospects and outstanding __________.
(a) Stock prices.
(b) Websites.
(c) Managers.
(d) Ideas.

2. What was the one thing that Munger and Buffett would not address in their question sessions?
(a) Investment strategies.
(b) Numbers.
(c) Nothing.
(d) Personal business.

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

4. The partners considered a lesser interest if the ________ price was less than what it would be for 100%.
(a) Pro-rata.
(b) Pro-management.
(c) Pro-rate.
(d) Pro-biotic.

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

Short Answer Questions

1. What were the name of the bonds that Buffett seeks to promote through Berkshire?

2. Which of the partners had 99% of their net worth concentrated in Berkshire stock?

3. _________ percentage ownership was acquired when the market presented opportunities, according to the book.

4. The purchase of the company listed in #49 was influenced by whose investing principles?

5. Buffett's criteria measured _________ expectations of the highest after-tax returns to maximize net worth in the long run.

(see the answer key)

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