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This test consists of 5 multiple choice questions, 5 short answer questions, and 10 short essay questions.

Multiple Choice Questions

1. What practice eventually cripples Salomon Brothers?
(a) Laziness.
(b) Hypergrowth.
(c) Overextension.
(d) Top heaviness.

2. According to the author, all a man has in the markets is his _____.
(a) Drive and determination.
(b) Wits.
(c) Gall.
(d) Word and honor.

3. A challenge in Liar's Poker is like saying _______.
(a) "You're a con artist."
(b) "I'll take the gamble."
(c) "You're an idiot."
(d) "I doubt it."

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

5. According to Lewis, the better an analyst gets at his job, the nearer he seems to ______.
(a) God.
(b) Greatness.
(c) His dreams.
(d) Death.

Short Answer Questions

1. With whom has the author received an invitation to dine?

2. In the bond market, unlike the stock market, ______ are not openly stated.

3. The face of Dale Horowitz reminds the author of whom?

4. The trainee who finally asks a question at Massey's training session wonders if Salomon Brothers will open an office in what city?

5. Which subway line drops off hoards of people to their Wall Street jobs?

Short Essay Questions

1. In the training class, why does Lewis think Gutfreund looks the part of statesman?

2. Describe the home-buying imbalance of the Rust Belt and the Sun Belt.

3. What do the trainees have planned for the morning Gutfreund is supposed to speak to the class?

4. Why are corporate financiers considered wimps by traders?

5. How is trading supposedly like the jungle?

6. Why does one of the female trainees become the first person to finally talk to the author in the training program at Salomon Brothers?

7. What is the hard part of Liar's Poker?

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

9. Why is Lewie Ranieri so loyal to Salomon Brothers?

10. How does Meriwether beat Gutfreund before the game of Liar's Poker even starts?

(see the answer keys)

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