Fundoo Professor

Fundoo Professor: "
Management Development Institute

Post-Graduate Programme in Management (2004-2006)
Behavioural Finance & Business Valuation (BFBV)

20 December 2005
Quiz on The Letters of Warren E. Buffett"

40 questions on the letters of Warren Buffett.

Two I like. (+ my guesses)

27. The exceptional profitability of Nebraska Furniture Mart and Geico is attributable to:

* Low margins with high turnover
* High margins with low turnover
* Frequent stock buybacks which reduced capital employed
* Extremely conservative accounting

28. The exceptional profitability of See’s Candy is primarily attributable to:

* Pricing power arising out of brand loyalty
* Low-cost operations in an extremely competitive market
* Frequent stock buybacks which reduced capital employed
* Extremely conservative accounting