View a FREE sample

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

Multiple Choice Questions

1. How much was the company worth that Buffett and his partner created at the time of this book?
(a) $5M.
(b) $70B.
(c) $10M.
(d) $30M.

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

3. Berkshire's long-term investment strategy to buy and to hold _______ for the long term was something that was comfortable to them.
(a) Investments.
(b) Buildings.
(c) Decisions.
(d) Stockholders.

4. Essays are from __________ that Buffett prepared for and wrote for Berkshire shareholders.
(a) Seminars.
(b) Trainings.
(c) Personal notes.
(d) Annual reports.

5. The margin of ________ was the cornerstone of investment success, according to Graham.
(a) Error.
(b) Risk.
(c) Reward.
(d) Safety.

Short Answer Questions

1. Buffett and Munger saw themselves as general _______ responsible to other shareholders.

2. Buffett believed that many annual ________ were a waste of time for the shareholders and the management.

3. Berkshire invested in companies with excellent economic prospects and outstanding __________.

4. Buffett noted that a CEO had no direct ______ or clear standards of performance, making even under performing ones able to continue working.

5. What was the initial book value of the company that Buffett and his partner acquired in 1964?

(see the answer key)

This section contains 196 words (approx. 1 page at 300 words per page) View a FREE sample