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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. Buffett appeared on:

2. Warren's philosophy for purchasing stocks included all but:

3. The Treasure sells bonds to:

4. Buffett wanted his money to be used for:

5. The Nebraska Furniture Mart was owned by:

Short Essay Questions

1. What was the newer Efficient Market Theory?

2. What were Buffett's views on hostile takeovers?

3. What did Buffett plan to do with his wealth when he died?

4. What did Buffett do with his textile mills?

5. What was one of Buffett's biggest fears in 1980?

6. Why did Buiffett invest in Salomon?

7. What was Buffett's attitude about sharing his wealth with his children?

8. Buffett was interested in buying media companies in the 1980s. Why did he invest in Cap Cities through Berkshire?

9. Why wasn't Buffett adversely affected by the insurance market problems in 1985?

10. What was the outcome of the government case against Salomon?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Buffett has been characterized as an accumulator and one who hangs on to things? Comment on this? Do you think it is true? Why or why not?

Essay Topic 2

How did Buffett prosper during the insurance market problems in the 1990s? What did he do that others didn't? Explain the concept of float and how it applied to insurance companies in your answer.

Essay Topic 3

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?

(see the answer keys)

This section contains 673 words (approx. 3 pages at 300 words per page) View a FREE sample