View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through Secrets of the Temple.

Multiple Choice Questions

1. Which of the following is not part of Buffett's guide to selecting stocks?
(a) ignoring macroeconomic trends and forecasts.
(b) stocks within one's circle of competence.
(c) doing his own market analysis.
(d) trading on tips.

2. What did Buffett advise his partners of in May 1967?
(a) the partnership would go on without him.
(b) he was turning Buffett Partnership into a Performance Fund.
(c) Buffett Partnership was facing huge losses.
(d) he was liquidating Buffett Partnership.

3. How long did Buffett go without buying any common stock after the Cap Cities deal in 1985?
(a) eighteen months.
(b) three years.
(c) six months.
(d) one year.

4. What step did Buffett take in early 1966?
(a) hired new analyst.
(b) closed the partnership to new accounts.
(c) began a new fund.
(d) quit the market.

5. Buffett's new worth was approximately:
(a) $900 million.
(b) $1.35 billion.
(c) $3.8 billion.
(d) $2.3 billion.

Short Answer Questions

1. At the 1968 meeting of his friends, who was not invited?

2. These kinds of funds in this era were characterized as:

3. Susie's absence made life:

4. Warren's philosophy for purchasing stocks included all but:

5. By the 1990s, Buffett was worth:

(see the answer key)

This section contains 211 words (approx. 1 page at 300 words per page) View a FREE sample