Liar's Poker: Rising Through the Wreckage on Wall Street Test | Final 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 | Final 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. Lewis characterizes the sprinting rabbit statue at the new London office as a _____.

2. A guiding principle of Salomon Brothers that Tom Strauss iterates to the author is that customers have _____.

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

4. What is more relevant than a bad joke because it moves markets?

5. Where does Dash see a painting that he wants?

Short Essay Questions

1. As the author gains more experience working in London, what does he think interests European traders that differs from American traders?

2. How does the role of researcher change at Salomon Brothers during the mortgage bond explosion?

3. Why do costs at Salomon Brothers seem to suddenly matter in 1985?

4. Who took the hit for the AT&T bond loss that the author advised Herman on?

5. What is a tombstone and how does it apply to the German interest warrant created by the author and Alexander?

6. Despite the upheaval in the mortgage market, what is the initial objection that remains valid as the mortgage market evolves?

7. What is the particular need of thrifts in terms of investing in the mortgage bond market?

8. What happens to the average age and the average age at Salomon Brothers in London in 1987?

9. How is Howie Rubin thought of at Salomon Brothers? Why?

10. What is happening in colleges in Britain by the end of 1986?

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

How and why do the requirements to work at Salomon Brothers evolve? Include the backgrounds of people like Lewie Ranieri versus those of new people like Matty Olivia. How was it handled when somebody quit their job and needed to be replaced in the 1970's versus the hiring process of the mid-1980's?

Essay Topic 3

What is the quickest way to be fired from Salomon Brothers? Why? How does Gutfreund act contrary to this unwritten rule? How does he get away with it?

(see the answer keys)

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