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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. Which of the following is not one of the terms of Warren's partnership?
(a) Investors had no say in the kinds of investments.
(b) secrecy.
(c) adding and withdrawing capital only on December 31.
(d) Warren would only make the investments his partners wanted.

2. What magazine did Buffett first invest in?
(a) Look.
(b) Washington Monthly.
(c) People.
(d) Atlantic Monthly.

3. Warren first ran away at the age of:
(a) fifteen.
(b) nine.
(c) sixteen.
(d) thirteen.

4. While living in Washington DC, Warren worked as a:
(a) congressional page.
(b) drug store soda fountain.
(c) carrier for the Washington Post.
(d) congressional aide.

5. Warren attended graduate school at:
(a) Harvard.
(b) Princeton.
(c) University of Chicago.
(d) Columbia.

Short Answer Questions

1. Studying under Graham allowed Warren to:

2. What did Warren vow after his involvement with Dempster?

3. How old was Warren when his father became Congressman?

4. Why did the Buffetts move to New York in 1954?

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

Short Essay Questions

1. How did Buffett become active in stock trading again?

2. How did Buffett know of Ben Graham at Columbia?

3. How did Buffett's partnership do in their first five years?

4. Where was Warren Buffett born and raised?

5. Why did Buffett close the partnership to new accounts in 1966?

6. What was Warren interested in as a child?

7. Why did Buffett want to study with Graham?

8. What did Buffett feel was most important in the evaluation of a company?

9. What was Berkshire-Hathaway?

10. What did Berkshire-Hathaway produce?

(see the answer keys)

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