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This quiz consists of 5 multiple choice and 5 short answer questions through Salomon's Court.

Multiple Choice Questions

1. What event occurred in August 1967?
(a) Congressional hearning into the rampant growth of mutual funds.
(b) the market crashed.
(c) new legislated limited partnership.
(d) Buffet's partnership eperienced its first loss.

2. As a result of the end of the Go Go era:
(a) there was no direction to the market.
(b) funds were clustered in some growth stocks.
(c) traders were confused.
(d) market trading was thin.

3. In Congressional testimony, Buffett makes it clear that:
(a) he wanted the perpetrators of the crime prosecuted.
(b) he would not cooperate with the government.
(c) he would tolerate no wrong doing at Salamon.
(d) he wanted the charges dropped.

4. Buffett's Graham group, his inner circle, met:
(a) yearly.
(b) every odd year.
(c) every six months.
(d) monthly.

5. Warren increased his paper route by:
(a) his route was big enough.
(b) going door-to-door for subscriptions.
(c) adding the Times-Herald to his Washington Post route.
(d) asking for a new bigger territory.

Short Answer Questions

1. Buffett's views on hostile takeovers included all but:

2. What term is used to denote risk?

3. Buffett bought enough of Berkshire to:

4. Warren educated himself in all but the following ways:

5. In what simple way did Buffett find that people were still using their American Express cards?

(see the answer key)

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