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This quiz consists of 5 multiple choice and 5 short answer questions through Mergers and Acquisitions.

Multiple Choice Questions

1. Buffett realized that it was helpful to be _________ when others were fearful in the market.
(a) Fast.
(b) Slow.
(c) Greedy.
(d) Standoffish.

2. Two super contagious diseases in the investment world included _______ and greed, according to the book.
(a) Pain.
(b) Fear.
(c) Rationality.
(d) Ignorance.

3. Value came from a fixed-income feature to set minimum value with __________ as a bonus.
(a) A unique product.
(b) A good economy.
(c) A strong management team.
(d) Conversion.

4. Who was the financial mentor that Buffett relied upon for his teachings and lessons about the way to do business?
(a) No one.
(b) Charlie Munger.
(c) Ben Graham.
(d) Himself.

5. Buffett and Munger both opposed any selective ________ and predictive growth rates from the CEOs who reported them.
(a) Purchases.
(b) Strategies.
(c) Disclosure.
(d) Truth.

Short Answer Questions

1. Buffett thought that any CEO who set earning targets and forecasts might also take ______ with accounting measures.

2. The different classes of stock allow _______ investors to still have value for the money they can spend.

3. Buffett and Munger did not operate a strategic plan for __________ but compare opportunities against passive investments.

4. The margin of ________ was the cornerstone of investment success, according to Graham.

5. Buffett and Munger promise to never ________ unless they are selling at a market price well below intrinsic business value.

(see the answer key)

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