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1.
Whom did Bill Ruane study under?
Choose wisely. There is only one correct answer.
Ben Graham. Ruane studied under Graham.
2.
Charlie Munger advised investors to learn many different facets of a business they might want to invest in.
Choose wisely. There is only one correct answer.
True. This helps them to better understand the economics of a certain business, which in turn can help them avoid shortsightedness.
3.
Bill Nygren said he looks for stocks where 80% of the commentary about a company revolves around a piece of business that contributes ________.
Choose wisely. There is only one correct answer.
About 20% of the profits. When he finds a situation like this, it is likely the market is undervaluing the firm.
4.
A good description of the stocks that Marty Whitman liked to buy would be "distressed and beaten up."
Choose wisely. There is only one correct answer.
True. He looked for stocks that had suffered greatly and then bought them cheaply.
5.
Many critics of Bill Miller claim that he is not a true value investor.
Choose wisely. There is only one correct answer.
True. Miller combines value investing with growth investing, leading some to claim he is not a true value investor.
6.
Part of Ralph Wanger's approach to picking stocks involves looking for small-company stocks that have been largely ignored by analysts.
Choose wisely. There is only one correct answer.
True. These stocks don't receive much attention, so there is a chance of finding an undervalued stock among them.