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

Multiple Choice Questions

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

2. What did Susie unexpectedly do at the age of forty-five?
(a) returned to school.
(b) moved out of Buffett's house and into a San Francisco apartment.
(c) tried to commit suicide.
(d) filed for divorce.

3. Warren's philosophy for purchasing stocks included all but:
(a) favorable long-term prospects.
(b) decent stock price.
(c) honest and competent management.
(d) anticipation of short-term price movements.

4. Buffett looked for stocks:
(a) that had an attractive annual report.
(b) that was owned by people he knew.
(c) that had a product he believed in.
(d) whose value was greater than its price.

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

Short Answer Questions

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

2. In Warren's view, the managers of other people's money:

3. By the end of 1988, the Berkshire share price was approximately?

4. Which of the following was not a reason why Warren didn't move to Southern California?

5. What was not a characteristic of a performance fund?

(see the answer key)

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