View a FREE sample

This quiz consists of 5 multiple choice and 5 short answer questions through Howie Buffett's Corn.

Multiple Choice Questions

1. 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 could have been handled better.
(c) it was a good merger.
(d) it showed how smoothly the market worked.

2. By the 1990s, Buffett was worth:
(a) $250 million.
(b) $500 million.
(c) $620 million.
(d) $1 billion.

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

4. In Warren's view, the managers of other people's money:
(a) had to responsibility to others.
(b) had to have approval for any of their actions.
(c) could act as they want.
(d) bore a heavy burden.

5. Buffett's goal, as stated to his partners, was to:
(a) purchase blue chip stocks.
(b) beat the Dow by an average of ten points per year.
(c) achieve a 10% rate of return.
(d) make them wealthy.

Short Answer Questions

1. What company did Buffett say he would hold for the rest of his life?

2. What term is used to denote risk?

3. What was one of the stocks that Warren bought and promoted while at Buffett-Falk?

4. Hathaway was run by:

5. Book value is:

(see the answer key)

This section contains 239 words (approx. 1 page at 300 words per page) View a FREE sample