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An Exploration of Key Tax and Accounting Issues for Hedge Funds
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Trivia Quiz Answers
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Answers for July 11 Quiz

1. What shape of cigar is Litto Gomez planning on debuting at the International Premium Cigar & Pipe Retailers trade show next week?
Perfecto

2. This Havana bar is known for its daiquiris, and as an excellent place for an afternoon cigar.
El Floridita

3. This summer's action hero gets really enraged in one scene when someone crushes his stogie.
Hellboy

4. Which country-music star once lamented in song: “I'm a sucker for fine Cuban cigars/The problem is I can't afford 'em"?
Brad Paisley

5. What country famously banned cigar-making machines until 1937, preferring to keep the local product exclusively hand-rolled?
Cuba

Answers for July 4 Quiz

1. From January to April of this year, how many premium cigars were imported into the United States?
75.6 million

2. Chicago tobacconist Chuck Levi recently revived which brand of premium (and long-departed) cigars?
Hoffman House

3. Thieves in Australia recently absconded from a Central Tobacco warehouse with $4 million of primarily which brand of cigar?
Toscano

4. Around what year were molds introduced into the cigar-making process?
1958

5. Before it was Fabrica José Martí, this Cuban factory was known by another name:
H. Upmann

Answers for June 27 Quiz

1. How many cigars have been exported from the Dominican Republic from January through April of this year?
10.39 million

2. "That's why I write [in] so many cigar-smoking heroes and villains who chomp their cigars!" Name the speaker.
Orson Welles

3. Name the character in this summer's slate of blockbusters who's never seen without cigar in hand.
General Ross, The Incredible Hulk

4. When did the H. Upmann factory in Havana open?
1944

5. From transplanted seedlings to the end of harvesting, how long does it take to produce a tobacco leaf, on average?
120 days

Answers for June 20 Quiz

1. How many premium brands does Habanos, S.A. produce?
27

2. What was the favored cigar brand of famed Celtics coach Red Auerbach, who frequently lit a stick near the end of winning games?
Hoyo de Monterrey

3. A bill just passed in Rhode Island permanently puts the tax cap on cigars in that state at how much?
50 cents

4. How many cigars were produced in Honduras in 2007?
13.1 million

5. Habanos S.A. produced the first Edicion Limitada in what year?
2000

Answers for June 13 Quiz

1. This famous Marvel Comics character is a huge cigar-smoker in addition to being a superhero.
Wolverine

2. Last July, Imperial Tobacco acquired Altadis, S.A., for how much cash?
$22 billion

3. How many bottles of wine does Graycliff, also home of an eponymous cigar line, have in its wine cellar (the third-largest privately owned in the world)?
277,000

4. What year was J.C. Newman founded?
1895

5. What year did Habanos, S.A. not launch an annual Edicion Limitada cigar?
2002

Answers for June 6 Quiz

1. What city just proposed a (misguided) ban on individual cigar sales?
Baltimore

2. What famous historical figure sent a message to start an uprising inside a cigar?
José Martí

3. Cigar-lover David Letterman found himself memorably outdone when this celebrity lit up on his show in 1994.
Madonna

4. What part of the tobacco plant is not used in cigar making?
Libra de Pie

5. What percentage of the worldwide cigar market (outside of the United States) does Habanos S.A. currently possess?
75 percent

Answers for May 30 Quiz

1. What year did Davidoff stop making cigars in Cuba?
1991

2. This First Lady put her foot down on smoking in the White House.
Hillary Clinton

3. How long, generally, must a Volado leaf be aged before ideal use?
9 months

4. According to popular legend, H. Upmann started out as:
A banking firm

5. In Cuba, what (popularly accepted) year did lectors start reading to rollers?
1865

Answers for May 23 Quiz

1. Zino Davidoff kept a bill, signed by one of the most famous figures of the 20th century, as a souvenir from his father's tobacco shop. Who was the famous figure?
V.I. Lenin

2. This actor switched from cigarettes to cigars on the rationale that “the only way to break a bad habit [is] to replace it with a better habit.”
Jack Nicholson

3. How many cigars does Nicaragua export annually to the U.S.?
55 million

4. Name the city with the only S.T. Dupont boutique in the U.S.
Las Vegas

5. What year was New York’s famous Nat Sherman store founded?
1930

Answers for May 16 Quiz

1. A new cigar, rolled by Cuban master roller Jos Castelar Cairo, has broken the Guinness world record for the longest cigar ever. How long is it?
148 feet, 9 inches

2. Which of the following Cuban brands does NOT have a doppelganger produced somewhere else?
Guantanamera

3. In April, an 18-inch Punch figurine sold at the Morphy Spring Toy Auction in Denver for how much?
$207,000

4. Legend has it that a handmade Cuban cigar goes through how many stages from seedling to finished product?
222

5. Who said, “A man’s shoes will tell you if he has money, his clothes if he has style. But if you want to know if he’s a sport, see if he’s wearing a good cigar”?
Nat Sherman

Answers for May 9 Quiz

1. How many cigar brands are produced in Cuba?
33

2. Who said, "I smoke in moderation. Only one cigar at a time."
Samuel Clemens

3. Which Cuban factory is known for producing Cohibas?
El Laguito

4. Of the following types of wrappers, which has a tendency to break down when exposed to cold air (making them hard to smoke in winter).
Cameroon

5. What brand of cigar does Al Pacino’s character request in 'Scent of a Woman'?
Montecristo

Answers for May 2 Quiz

1. From a manufacturing/cigar-rolling standpoint, some of the most expensive tobacco in the world comes from:
Connecticut

2. Who once said, “Smoking is indispensable if one has nothing to kiss.”
Sigmund Freud

3. Who introduced tobacco to Virginia in 1612?
John Rolfe

4. What U.S. president was the first to be a noted cigar smoker?
James Madison

5. How many cigars were imported into the U.S. in February?
20.8 million

Answers for April 25 Quiz

1. How long are tobacco leaves typically left to dry in a curing barn?
45-60 days

2. How many cigars did Winston Churchill smoke during his lifetime (at least according to legend)?
250,000

3. How many Mexican cigars were imported into the U.S. last year?
1.4 million

4. What year did José "Pepin" Garcia leave Cuba for Nicaragua?
2001

5. When did the original Nat Sherman location open?
1930s

Answers for April 17 Quiz

1. What type of leaves, primarily used for wrappers, comes from the top part of the tobacco plant?
Ligero

2. Shape-wise, which of the following does NOT belong?
Culebras

3. What’s the name of the area in Cuba where, legend has it, a newly landed Columbus discovered tobacco?
Bariay

4. What year was the brand Romeo y Julieta created?
1875

5. How many cigars were imported into the United States last year?
335.1 million

Answers for April 11 Quiz

1. True or false, one of the reasons to “toast” a cigar—as in hold it away from the mouth and light it for at least a few seconds—before puffing is to apply an even layer of carbon on the foot?
All of the above

2. What abnormal flavor does a connoisseur taste for when he/she dry smokes a cigar before lighting it?
Ammonia

3. All of the following are things you should never do, except:
Never light a cigar with a match

4. When lit, smoke coming out both ends of the cigar is a sign that:
The cigar is well-rolled

5. What does the term “puro” refer to in regards to cigars?
It is comprised of tobacco leaves from one country

Answers for April 3 Quiz

1. Every item in the list below must be used to hand-roll a cigar, except:
Machete

2. The filler of a cigar is always blended with how many tobaccos?
3

3. To protect its contents a humidor should maintain in internal humidity of:
70 – 72 %

4. To protect its contents, a humidor should maintain an internal temperature of:
68 – 70 degrees Fahrenheit

5. Which is considered the most traditional wood for lining a humidor?
Spanish cedar

Answers for March 28 Quiz

1. True or false, the Cohiba Maduro 5, released in 2007, was the first line with maduro wrappers that had come out of Cuba since the pre-embargo days?
Cohiba Maduro 5

2. What is the minimum amount of time that Ligero tobacco leaves—the dark and flavorful part of the plant—must be allowed to mature before they are used as filler?
3 years

3. What is generally recognized and the optimal time of day to smoke a cigar, when the flavors can best be enjoyed?
in the morning, before brushing your teeth

4. Under normal circumstances, the inside of a humidor should be wiped down:
never

5. As a general rule, which of the below is true:
The smaller the ring gauge, the more complex the flavor

Answers for March 21 Quiz

1. In what fraction is the ring gauge measured?
64ths of an inch

2. Which is in the correct order from smallest to largest in length?
Robusto, Corona, Lonsdale, Churchill

3. If you don’t have a humidor, where else can you can store your cigars?
None of the above

4. Which explorer is credited with introducing tobacco to Europe?
Christopher Columbus

5. Stored properly, a premium cigar will last:
Indefinitely

Answers for March 17 Quiz

1. All of the presidents in this list had a penchant for smoking cigars except:
Ronald Reagan

2. Which was the last president to offer cigars in the Green Room after dinner parties?
Richard Nixon

3. How many cigars was Ulysses S. Grant purported to smoke per day?
20

4. Someone once said, "One never saw him without a cigar in his mouth except at meals or when asleep." Which Chief Executive Officer were they referring to?
William McKinley

5. President John F. Kennedy requested that someone go out and buy him a cache of his favorite Cuban cigars before he signed the Cuban Trader Embargo in 1962. Which cigar was it?
H. Upmann Petit Corona