Quiz on lesson ” Warren Buffett’s Top Plays: #19 Safeco Insurance “

1. What percentage of shares did Warren Buffett purchase of SAFECO in 1978?

a) 6%

b) 17%

c) 50%

2. What was the return on investment for Warren Buffett after the sale of SAFECO in 1981 and 1982?

a) 6%

b) 17%

c) 50%

3. Why did Warren Buffett invest in SAFECO according to his 1978 letter to Berkshire shareholders?

a) Because it was the best-run large property and casualty insurance company in the United States.

b) Because of its high P/E ratio

c) Despite the fluctuation of earnings in insurance companies.

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