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

Multiple Choice Questions

1. What has he regretted ignoring in the past?
(a) Strong hunches.
(b) Stocks going down.
(c) Not liking a company.
(d) His mentor's advice.

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

3. What does Livingston do about his concerns in 1906?
(a) Buys short.
(b) Sells short.
(c) Sells long.
(d) Buys long.

4. Why is corn having a hard time getting to the market?
(a) Due to the weather.
(b) Due to government regulations.
(c) Due to the roads.
(d) Due to a union stike.

5. What happens to Livingston when someone buys up all the corn?
(a) He makes $50,000.
(b) He loses money.
(c) He breaks even.
(d) He isn't involved in corn trade.

Short Answer Questions

1. Who convinces Livingston that Union Pacific is manipulating him?

2. What do some people claim about a newspaper article that helped Livingston?

3. Why does Livingston declare bankruptcy?

4. What does Livingston decide to buy next?

5. What is one trait Livingston says a successful stock trader must have?

(see the answer key)

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