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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 did the young Warren trust?

2. Warren handled his investments with people:

3. Buffett communicated with partners:

4. Buffett began buying stocks:

5. Berkshire and Hathaway merged in:

Short Essay Questions

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

2. Why were so many investors impressed by Warren?

3. What did twelve-year-old Warren have to say about money when asked why it was so important to him?

4. What was Berkshire-Hathaway?

5. What did Berkshire-Hathaway produce?

6. How did Buffett's partnership differ from other mutual funds?

7. What did Buffett conclude about American Express

8. What was happening with other mutual funds by early 1967?

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

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

What do you think of Warren Buffett as a person, given what you have learned during the unit on this book? Do you think he is basically a good person? Why or why not? What aspects of Buffett don't you like?

Essay Topic 2

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?

Essay Topic 3

Who is Warren Buffett? How did he make his fortune? How does he differ from the other great American capitalists? What was his major strength?

(see the answer keys)

This section contains 564 words (approx. 2 pages at 300 words per page) View a FREE sample