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This quiz consists of 5 multiple choice and 5 short answer questions through Corporate Finance and Investing.

Multiple Choice Questions

1. Buffett claimed in the book that most Berkshire shareholders will hang onto their shares for ____________.
(a) Friends and family.
(b) A few years.
(c) The time before retirement.
(d) Life.

2. Berkshire might evolve into a _______ form of board situation, upon Buffett's death, according to the book.
(a) Fourth.
(b) Second.
(c) Third.
(d) Dissolved.

3. Buffett thought that any CEO who set earning targets and forecasts might also take ______ with accounting measures.
(a) Carelessness.
(b) Risks.
(c) Less than legal strategies.
(d) Pride.

4. Buffett and Munger bought _________ companies the same way they might buy private companies.
(a) Large.
(b) Public.
(c) Corporate.
(d) Small.

5. _________ percentage ownership was acquired when the market presented opportunities, according to the book.
(a) Beholden.
(b) Greater.
(c) More.
(d) Lesser.

Short Answer Questions

1. Buffett and Munger invested based on company operating results and not on ____________.

2. Popular theory at the time said that the market was totally efficient at _________ investment.

3. How many primary holdings were permanent in the time of Buffett and Munger?

4. Berkshire was a ________ corporation, as it was described in this section of the book.

5. What was the name of the bank that had substantial equity interest in Berkshire?

(see the answer key)

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