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. Munger and Buffett act like ________ when it comes to considering the economic prospects of the businesses they buy.
(a) Bankers.
(b) Stock traders.
(c) Kids.
(d) Business analysts.

2. What was the one thing that Munger and Buffett would not address in their question sessions?
(a) Nothing.
(b) Personal business.
(c) Investment strategies.
(d) Numbers.

3. Berkshire invested in companies with excellent economic prospects and outstanding __________.
(a) Ideas.
(b) Managers.
(c) Websites.
(d) Stock prices.

4. Buffett and Munger promised to provide sufficient additional _______ to evaluate true results.
(a) Information.
(b) Research.
(c) Shareholders.
(d) Funding.

5. What was NOT one of the elements listed in the elements of arbitrage in the book?
(a) Length of time money is committed.
(b) Expected internal action.
(c) Change a competing event occurs.
(d) Likelihood that money is committed.

Short Answer Questions

1. Who was the financial mentor that Buffett relied upon for his teachings and lessons about the way to do business?

2. Berkshire's long-term investment strategy to buy and to hold _______ for the long term was something that was comfortable to them.

3. What company did Buffett acquire in 1964, which he eventually grew into a large holding company?

4. _________ percentage ownership was acquired when the market presented opportunities, according to the book.

5. The content of the book was often used as a standard text at the Cardozo School of __________.

(see the answer key)

This section contains 220 words (approx. 1 page at 300 words per page) View a FREE sample