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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. Regarding his textile mills, in the early 1980s, Buffett:

2. Cap Cities would use the money from Berkshire to:

3. With zero-coupon bond, the borrower:

4. As a result of the stock market crash in October 1985, Berkshire:

5. When Gutfreund resigned:

Short Essay Questions

1. What are referred to as Buffett's sweetheart deals?

2. How did Buffett learn about the Nebraska Furniture Mart?

3. What did Susie do at the age of forty five?

4. How does Buffett describe the difference between his public and private lives?

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

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

7. What was the newer Efficient Market Theory?

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

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

10. What did Buffett do with his textile mills?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

What was Buffett's strategy for buying companies? How did he finance them? Did he take an active role in their management or did he sit in the background?

Essay Topic 2

What was the basis of the Efficient Market Theory? Why did Buffett disagree with it? What were his reasons? On what did he base his investment decision?

Essay Topic 3

What is the importance of return on equity? Why did Buffett emphasize this? What happened when the Washington Post followed his advice?

(see the answer keys)

This section contains 652 words (approx. 3 pages at 300 words per page) View a FREE sample