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

Multiple Choice Questions

1. What did Warren vow after his involvement with Dempster?
(a) he wanted to start a new company.
(b) he wanted to be a liquidator.
(c) he liked the experience.
(d) he would never lay off people again.

2. Buffett's role in protecting certain CEOs from takeovers was referred to as:
(a) blackmail.
(b) whitemail.
(c) redmail.
(d) greenmail.

3. What did the Evening News do that resulted in an anti-trust suit?
(a) lowered prices below costs.
(b) tried to force the Courier-News out of business.
(c) lowered prices.
(d) announced the publication of a Sunday edition.

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

5. Buffett differed from other CEOs in that he:
(a) he did most of his work at home.
(b) did not have a structured appointments schedule.
(c) he hired a variety of secretaries.
(d) he did not have an office.

Short Answer Questions

1. Which of the following was not some thing that Howard Buffett was against?

2. What company did the partnership buy that Warren became chairman of?

3. At the end of 1986, the approximate share price of Berkshire was?

4. Ben Graham's specialty was:

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

(see the answer key)

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