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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. Which department at Salomon Brothers is considered "the sleepy backwater"?
(a) Equities.
(b) Bond trading.
(c) Analysis.
(d) Corprate finance.

2. In Salomon Brothers: Advance to Leadership, Gutfreund is cast as what type of figure?
(a) A Churchill.
(b) A messiah.
(c) A de Gaulle.
(d) An Isaiah.

3. The Salomon Brothers expense account is used as a _____ compensation system.
(a) Hard-dollar.
(b) Soft-dollar.
(c) First-rate.
(d) Second rate.

4. Steve Roth and Scott Brittenham make millions of dollars trading _____.
(a) Small Business Administration loans.
(b) Corporate bonds.
(c) Federal project loans.
(d) Junk securities.

5. Wall Street has a river at one end and a ______ at the other.
(a) Cesspool.
(b) Pot of gold.
(c) Graveyard.
(d) Train station.

Short Answer Questions

1. What does Lewis Identify as the two emotions that commonly destroy traders?

2. What fund goes from zero investment in the mortgage market in 1983 to thirty billion dollars worth of CMOs in 1986?

3. The author and Alexander orchestrate the a second security after "the opportunist" steals credit for the first involving the interest rate of which country?

4. What is the expression that describes a customer who has gone under as a result of a trade?

5. Which company becomes Salomon Brothers' biggest competitor soon after mortgage trading becomes a viable investment entity?

(see the answer key)

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