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This quiz consists of 5 multiple choice and 5 short answer questions through When Bad Things Happen to Rich People.

Multiple Choice Questions

1. Howie Rubin is picked up by which company when he is fired from Merrill Lynch?
(a) Shearson Lehman.
(b) Salomon Brothers.
(c) Bear Stearns.
(d) Drexel Burnham.

2. As Lewis gets more experience at Salomon Brothers, he realizes that an inexplicable aspect of studying to be an investment banker is that _______ serves no function in an investment bank.
(a) Making plans.
(b) A college degree.
(c) Economic theory.
(d) Politeness.

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

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

5. The speaker who eventually wins the hearts and minds of the back row in the Salomon Brothers training program describes the trading floor as a _____.
(a) Jungle.
(b) Firing squad.
(c) Ballet.
(d) War zone.

Short Answer Questions

1. What do rating services rely exclusively on to assess a company's creditworthy status?

2. According to the author, investors don't fear losing money as much as they fear _____?

3. According to the author, what is the rarest and most valuable asset a Wall Street firm can possess?

4. The author notices that young traders become _____ after they get onto Meriwether's trading desk.

5. Lewis characterizes the sprinting rabbit statue at the new London office as a _____.

(see the answer key)

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