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

Multiple Choice Questions

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

2. What does Buffett say about the hostile takeover of Time?
(a) it was an example of the destructive tactics of the merger era.
(b) it was a good merger.
(c) it could have been handled better.
(d) it showed how smoothly the market worked.

3. Buffett gained total control of Berkshire in:
(a) July 1963.
(b) May 1965.
(c) September 1964.
(d) June 1964.

4. Warren did not want to attend college because:
(a) he wanted to get married.
(b) he didn't feel he could learn anything.
(c) he wanted to travel.
(d) he wanted to work.

5. What problems did Buffett have making investments in the mid-1960s?
(a) there were few good bargains in stocks.
(b) increased competition.
(c) a massive withdrawal of capital.
(d) a severe market slump.

Short Answer Questions

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

2. What did Warren's father tell him when he returned from running away?

3. What did Buffett always look at, especially in insurance?

4. Buffett began buying stocks:

5. Warren first ran away at the age of:

(see the answer key)

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