Question 1: What is something you believe you can do better or understand substantially better than most people? (Something productive/mildly related to the world please, no balancing on 2 fingers)

Question 2: What is the most important cornerstone to successful investing?

Question 3: On the day of Alibaba's IPO, September 19, 2014, the S&P 500 moved down 0.96 points, why?

Question 4: Seeing that you have some knowledge of the business world, your friend comes to you for an investment advice. Your friend asks "Based on the projected economic trends, should I be long or short the S&P 500 in the next 12-month period?" What is your answer to your friend?

Question 5: Stock A has a beta of 2 and trades at $10. Stock B has a beta of 0.5 and trades at $50. Both stocks are worth $55. Which stock is risker?

Question 6: What is the most important determinant of return? In other words, if you are searching for higher returns, what should you do?

Question 7: Looking at the model below, point out a major strategic mistake the management has been making. As a background, the average enterprise makes roughly 12% return on invested capital, which is reasonably the same rate that investors use as a discount rate in valuing businesses.