Quiz on lesson ” Warren Buffett’s Top Plays: #8 Hochschild, Khon “

1. Who were the three individuals that formed Diversified Retailing?

A. Warren Buffett, Charlie Munger, and David Gottesman

B. Howard, Kohn & Company

C. Goldman Sachs and Kidder Peabody

2. What was the cost of the deal that formed Diversified Retailing?

A. $12 million

B. $1.4 million

C. $6 million

3. What did Warren Buffett learn from the acquisition of Hochschild, Kohn & Company?

A. The importance of investing in good businesses

B. The economics of short-line farm implement manufacturers

C. The value of anonymity in borrowing from Wall Street firms

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