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

Multiple Choice Questions

1. What should one do in a bull market?
(a) Stick with index funds.
(b) Buy one week, sell the next.
(c) Wait and see.
(d) Buy stock.

2. What does Livingston finally begin to study?
(a) Mutual funds.
(b) Trading on margin and call.
(c) Bond and index funds.
(d) Longer-term stock movements.

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

4. What does Livingston say when someone asks him for a tip?
(a) He doesn't have time to be bothered.
(b) Comments on the general run of the market.
(c) He ignores the person.
(d) He doesn't take or give tips.

5. What does Livingston do when he proves himself right about the market in Chapter IX?
(a) Holds steady.
(b) Buys stock.
(c) Sells high end stock and buys low end stock.
(d) Sells stock.

Short Answer Questions

1. What happens to Livingston when someone buys up all the corn?

2. According to Livingston why should no one trade every day?

3. What is the stock Livingston buys to restart his career?

4. When can one only sell stock?

5. When does Livingston hate losing money the most?

(see the answer key)

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