Liar's Poker: Rising Through the Wreckage on Wall Street Test | Mid-Book Test - Hard

Michael Lewis (author)
This set of Lesson Plans consists of approximately 116 pages of tests, essay questions, lessons, and other teaching materials.
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Liar's Poker: Rising Through the Wreckage on Wall Street Test | Mid-Book Test - Hard

Michael Lewis (author)
This set of Lesson Plans consists of approximately 116 pages of tests, essay questions, lessons, and other teaching materials.
Buy the Liar's Poker: Rising Through the Wreckage on Wall Street Lesson Plans
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This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

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

2. What sort of dogs are the favorite of the British royal family?

3. In any market, as in any poker game, there is a ______.

4. Which department at Salomon Brothers is considered "the sleepy backwater"?

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 _____.

Short Essay Questions

1. How does the code of Liar's Poker affect a trader?

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

3. How does Bob Dall react when he is replaced by Ranieri?

4. What does Lewis see as being the first inalienable right of the Salomon Brothers trainee?

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

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

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

8. Why is a single home mortgage considered a messy investment for Wall Street?

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

10. 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?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

According to Andy Stone, what effect does Wall Street's tendency to make its best producers into managers have on firms? What happens to managers once they achieve the position? Is it a good system overall?

Essay Topic 2

How does the author finally become a Big Swinging Dick? Who dubs him so? Who does he sell to to attain this level at Salomon Brothers? What does he sell? How does he feel about the whole affair?

Essay Topic 3

What contributes to the rapid and complete deterioration of Ranieri and Co. at Salomon Brothers? What was the achievement that Ranieri had hoped for in creating the mortgage department? How did the market affect the imbalance between Ranieri and Co. and the rest of the bond trading world?

(see the answer keys)

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