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1.
Charlie Munger was _______.
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Vice chairman of Berkshire Hathaway.
2.
Whom did Bill Ruane study under?
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Ben Graham. Ruane studied under Graham.
3.
Part of Ralph Wanger's approach to picking stocks involves looking for small-company stocks that have been largely ignored by analysts.
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True. These stocks don't receive much attention, so there is a chance of finding an undervalued stock among them.
4.
Bill Nygren said he looks for stocks where 80% of the commentary about a company revolves around a piece of business that contributes ________.
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About 20% of the profits. When he finds a situation like this, it is likely the market is undervaluing the firm.
5.
In Bill Miller's professional portfolio, pricey Internet stocks rub elbows with _______.
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None of the above. Miller likes to mix a lot of styles.
6.
A good description of the stocks that Marty Whitman liked to buy would be "distressed and beaten up."
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True. He looked for stocks that had suffered greatly and then bought them cheaply.