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

Multiple Choice Questions

1. Cap Cities would use the money from Berkshire to:
(a) diversify.
(b) buy ABC.
(c) invest in the satellite business.
(d) modernize.

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

3. If Buffett made a loan to one of his children:
(a) he refused to help them.
(b) they were afraid to ask.
(c) they had to sign a loan agreement.
(d) he would berate them for needing money.

4. What was not a characteristic of a performance fund?
(a) moving in and out of stocks.
(b) making fast money.
(c) short term perspective.
(d) sustained long term growth.

5. Graham and Dodds did work in:
(a) business management.
(b) commodity futures.
(c) stock valuation.
(d) selling and marketing.

Short Answer Questions

1. As a child, Warren Buffett had a 'thirst' for __________.

2. How much did Buffett pay for Nebraska Furniture Mart?

3. The key question in the anti-trust suit was:

4. What did Buffett consider to be the most important factor in evaluating a company?

5. Which of the following companies was the object of a hostile takeover in the 1980s?

(see the answer key)

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