Quiz on lesson ” Warren Buffett’s Top Plays: #17 BNSF “

1. Why did Warren Buffett dislike the acquisition of BNSF?

a. BNSF was too expensive

b. The acquisition required issuing Berkshire shares

c. BNSF was not a profitable company

2. What was the P/E ratio of BNSF during the final purchase?

a. 16-20

b. 6

c. 2.1

3. What did Warren Buffett learn from the acquisition of BNSF?

a. Oftentimes the best bet is to double down on what you already own

b. Issuing shares is not a good investment strategy

c. BNSF was a bad investment

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