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

Multiple Choice Questions

1. Hathaway was run by:
(a) Samuel Stater.
(b) Olive Chace.
(c) Charlie Munger.
(d) Seabury Stanton.

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

3. Warren bought all but the following through Berkshire:
(a) Illinois National Bank and Trust.
(b) Sun Newspaper.
(c) American Express.
(d) National Indemnity Company.

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

5. The Efficient Market Theory says that:
(a) prices reflect information.
(b) prices can be influenced.
(c) stock prices will fall.
(d) stock prices will rise.

Short Answer Questions

1. While living in Washington DC, Warren worked as a:

2. Warren made big profits by engaging in a practice known as:

3. What did Warren vow after his involvement with Dempster?

4. Which of the following is not part of Buffett's guide to selecting stocks?

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

(see the answer key)

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