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This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

1. What step did Buffett take in early 1966?

2. What is the main qualification for buying a stock?

3. Warren increased his paper route by:

4. Which of the following was not some thing that Howard Buffett was against?

5. Katherine Graham was the owner of the:

Short Essay Questions

1. What brought on the SEC investigation of Buffett and Munger?

2. What were Buffett's plans for Berkshire?

3. In evaluating companies, Buffett looked at whether they were cash consuming or cash generating. What is the difference?

4. What was Warren interested in as a child?

5. Munger and Buffett purchased the Buffalo Evening Press and became involved in an anti-trust suit. What brought on the anti-trust suit by the rival Courier-News?

6. What is the difference between the quantitative appeal of Berkshire and the qualitative appeal of American Express?

7. What kind of business did Warren have in Washington DC in high school?

8. What did Berkshire-Hathaway produce?

9. What does Buffett worry about at the age of twenty six?

10. How did Buffett communicate with his partners?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Explain Buffett's attitude toward his wealth? Why was he so secretive? Why did he always tell his children that they would never have any of his money? How would you characterize the Buffett home?

Essay Topic 2

Discuss the mergers and acquisitions craze of the 1980s. What are Buffett's views on hostile takeovers? What were his views on corporate raiders and their effect on companies and society?

Essay Topic 3

Is Buffett's home life typical of the lives of other American families? Why or why not? Did Buffett's home life turn out the way he wanted it to?

(see the answer keys)

This section contains 637 words (approx. 3 pages at 300 words per page) View a FREE sample