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. The author thinks that all money men either have ______ hair or are bald.

2. From what school does Leonard Bublick, the trainee who gets hit in the head with a paper wad thrown by the former U.S. Navy fighter pilot, get his M.B.A.?

3. What is the initial bet that Gutfreund proposes to Meriwether for Liar's Poker?

4. Bond prices move _____ to interest rates after 1979.

5. The Japanese in the training program are considered _____.

Short Essay Questions

1. 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?

2. What is meant by "no tears"?

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

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

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

7. What effect does allowing the back row of the Salomon Brothers training program to create anarchy have on the company?

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

9. What is the "3-6-3 Club"?

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

How does the game of Liar's Poker have the feel of trading? Describe how Liar's Poker works, the list of questions a bond trader asks himself, and list some of the other firms besides Salomon Brothers which have similar games.

Essay Topic 2

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 3

How is Lewie Ranieri fired? Why is he fired? Who does he blame for his being fired? Why? What reasons are given by Gutfreund for his dismissal? Why is he not let into the building after he is fired?

(see the answer keys)

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