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

Multiple Choice Questions

1. Studying under Graham allowed Warren to:
(a) complete his thesis.
(b) quality to teach.
(c) learn to develop a business.
(d) develop his own natural abilities.

2. As a child, Warren Buffett had a 'thirst' for __________.
(a) books.
(b) numbers.
(c) money.
(d) games.

3. The Efficient Market Theory was popular because it:
(a) extended the theories of Adam Smith to financial markets.
(b) was simple.
(c) was based on technology.
(d) proved accurate.

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

5. Buffett told his partners all but the following:
(a) he would continue to manage their money.
(b) he could help place their money in municipal bonds.
(c) he would not act as their financial counsel.
(d) he recommended Sequoia Fund.

Short Answer Questions

1. Book value is:

2. How long did Buffett go without buying any common stock after the Cap Cities deal in 1985?

3. In their senior year, Warren and Danley opened a:

4. Graham and Dodds did work in:

5. The Efficient Market Theory says that:

(see the answer key)

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