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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 did Buffett do that was different with Hochschild and Associated Cotton?
(a) purchased liquid sahres.
(b) bought the entire businesses.
(c) traded one business for another.
(d) purchased small amounts.

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

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

4. These kinds of funds in this era were characterized as:
(a) bear market.
(b) bull market.
(c) irresponsible trading.
(d) Go Go.

5. Susie's absence made life:
(a) game Warren more freedom.
(b) made Warren more self-sufficient.
(c) made Warren happier.
(d) difficult for Warren.

Short Answer Questions

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

2. What stock did Buffett begin to buy in the fall of 1988?

3. By the 1990s, Buffett was worth:

4. What did Buffett say he was putting his money into?

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

(see the answer key)

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