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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter XIV.

Multiple Choice Questions

1. What must a successful stock trader do?
(a) Make the actual trade.
(b) Play poker.
(c) Borrow money.
(d) Work for a brokage firm.

2. What happens shortly after he starts selling Union Pacific stock by the thousands?
(a) The San Francisco earthquake.
(b) Nothing happens.
(c) The San Francisco fire.
(d) The San Francisco tidal wave.

3. How much money did Livingston make on the Union Pacific sell off?
(a) $100,000.
(b) $150,000.
(c) $250,000.
(d) $75,000.

4. What does Livingston do after he sold all the stock in Union Pacific and after the earthquake?
(a) Bought a lot of mutual funds.
(b) Started buying Union Pacific again.
(c) Went into commodoties.
(d) Went into index funds.

5. What does Livingston figure out he has to do to make a lot of money?
(a) Play one stock consistently.
(b) Trade on broad principles.
(c) Keep his money riding longer.
(d) Spread his money around.

Short Answer Questions

1. How much money does Livingston make when he first comes back from St. Louis?

2. What has he regretted ignoring in the past?

3. What does Livingston say one must be in order to be a good trader?

4. What does Livingston conclude when Union Pacific announces a dividend?

5. Why does Livingston want to sell Union Pacific?

(see the answer key)

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