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This quiz consists of 5 multiple choice and 5 short answer questions through The Carpet Woman.

Multiple Choice Questions

1. Warren made big profits by engaging in a practice known as:
(a) stock splitting.
(b) leveraged buyouts.
(c) back room trading.
(d) arbitrage.

2. What was one of the stocks that Warren bought and promoted while at Buffett-Falk?
(a) Proctor & Gamble.
(b) Standard Oil.
(c) GEICO.
(d) Kimberly Clark.

3. What newspaper stock did Buffett buy heavily?
(a) New York Times.
(b) Washington Post.
(c) Chicago Sun Times.
(d) Miami Herald.

4. Regarding his textile mills, in the early 1980s, Buffett:
(a) closed them.
(b) sold them.
(c) continued to operate at a loss.
(d) made large capital investments.

5. In early 1967, Buffett advised his partners that:
(a) the market was going to crash.
(b) newer nutual funds achieved better returns than his did.
(c) there was too much competition in the market.
(d) he was changing the scope of the business.

Short Answer Questions

1. Warren married Susie Thompson in:

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

3. What other kind of family-owned business did Buffet buy?

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

5. Mrs. B built her furniture store into the biggest furniture store in the:

(see the answer key)

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