Quiz on lesson ” Warren Buffett’s Top Plays: #14 Salomon Brothers “

1. Why did Warren Buffett invest in Salomon Brothers in 1987?

A) He had special insights on the future profitability of investment banking

B) He liked the terms of the investment

C) He wanted to take advantage of the booming stock market

2. How much of Warren Buffett’s net worth was represented by the investment in Salomon Brothers?

A) 11%

B) 22%

C) 33%

3. What happened in 1991 that required Warren Buffett to step in as interim chairman of Salomon Brothers?

A) The company was close to bankruptcy

B) The stock market was hitting all-time-highs

C) The company had a successful year financially

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