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This quiz consists of 5 multiple choice and 5 short answer questions through Accounting and Valuation.

Multiple Choice Questions

1. The different classes of stock allow _______ investors to still have value for the money they can spend.
(a) Large.
(b) Small.
(c) Long-term.
(d) Short-term.

2. _________ were often unwilling to discuss the business issues during meetings.
(a) Shareholders.
(b) The salespeople.
(c) The board members.
(d) Managers.

3. The partners were interested firms that are adapted to ______ times that could readily increase prices and scale up to a large volume with more capital.
(a) Aggressive.
(b) Recession.
(c) Bloated.
(d) Inflationary.

4. When did Berkshire Hathaway begin as a textile company?
(a) 1956.
(b) 1967.
(c) Early 1900s.
(d) Early 1800s.

5. During what year were the Berkshire shares to be traded on the New York Stock Exchange?
(a) 1988.
(b) 1975.
(c) 1999.
(d) 1986.

Short Answer Questions

1. What kind of pro told Buffett the piece of information that helped to guide them on the field?

2. Buffett's ______ years of experience cause him to think that efficient times in the market do not constitute an efficient market.

3. Below investment grade bonds are generally called ________, since they are able to be transformed.

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

5. Who did Buffett authorize to use the essays in the book to popularize the teachings and Buffett's own implementation of the teachings?

(see the answer key)

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