2. William Simon becomes the secretary of the U.S. Treasury under which president?
(a) Gerald Ford.
(b) Jimmy Carter.
(c) Lyndon Johnson.
(d) Richard Nixon.

3. What does Lewis Identify as the two emotions that commonly destroy traders?
(a) Drive and determination.
(b) Self-loathing and listlessness.
(c) Apathy and sadness.
(d) Fear and greed.

4. Traders prove their superiority in a Wall Street firm every day by doing what?
(a) Destroying companies.
(b) Managing trainees.
(c) Taking long lunches.
(d) Handling risk.

5. Lewis sees John Meriwether as successful because he has the uncanny ability to do what?
(a) Time his trades.
(b) Hide money.
(c) Hide his state of mind.
(d) Avoid bad press.

Short Answer Questions

1. Lewie Ranieri is doing what when he is called in by Gutfreund to take over the mortgage department?

2. Though he was rejected by Harvard, Gutfreund eventually graduated from ______.

3. According to the author, what is Gutfreund's only noticeable affectation when he comes to speak to the trainees?

4. More than any other firm on Wall Street, Salomon Brothers is run by _______.

5. For a great player of Liar's Poker, ______ is the easy part of the game.

Short Essay Questions

1. What is unfortunate about the position Susan James has acquired at Salomon Brothers?

2. What happens as a result of the surge in the number of students who get economics degrees?

3. What happens when the author has breakfast with Leo Corbett?

4. How does a chaired professor at the London School of Economics react when the author tells him the amount he has been offered to work at Salomon Brothers?

5. The author uses the analogy of two benevolent hands that "stuff the turkey" that Wall Street firms eat the stuffing from. What does he mean by this?

6. Why does the author pounce on the opportunity to work for Salomon Brothers like a loose ball?

7. How does the equities department treat the trainees?

8. Why does Gutfreund challenge Meriwether to Liar's Poker?

9. How does the author compare economics to art history?

10. How is trading supposedly like the jungle?

(see the answer keys)

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