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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.
As an investor, Bill Miller mixed _______.
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Growth stocks with value stocks. In fact, he was often called a growth investor in a value investor's clothing.
5.
One of Bill Nygren's methods for choosing stocks involves the 80/20 rule.
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True. Nygren looks for stocks where 80% of the commentary about a company revolves around a part that contributes only about 20% of the profits.
6.
Why didn't Marty Whitman like to use book value when considering a company to buy?
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He felt that it overlooked too many intangibles. Intangibles don't appear as such on balance sheets.