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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.
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.
3.
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.
4.
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.
5.
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.
6.
As an investor, Bill Miller mixed _______.
Choose wisely. There is only one correct answer.
Growth stocks with value stocks. In fact, he was often called a growth investor in a value investor's clothing.