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

Multiple Choice Questions

1. 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) Went into commodoties.
(c) Started buying Union Pacific again.
(d) Went into index funds.

2. What kind of trading is done at a bucket shop?
(a) Subjective.
(b) Superficial.
(c) Throw back.
(d) Highly technical.

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

4. What does Livingston notice not long after selling off his Union Pacific stock?
(a) The stock begins rising.
(b) The company expands.
(c) The stock falls even farther.
(d) The company folds.

5. How long does Livingston stay in Boston the second time he goes there?
(a) Two years.
(b) Six months.
(c) Two weeks.
(d) A year.

Short Answer Questions

1. What does Livingston think is his best guide to trading?

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

3. What has he regretted ignoring in the past?

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

5. Where does Livingston go with his $500?

(see the answer key)

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