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

Multiple Choice Questions

1. When does Livingston hate losing money the most?
(a) When he needs money for a stake.
(b) When he does everything right.
(c) When he follows someone's tip.
(d) When another trader manipulates him into the loss.

2. What does Livingston decide from the Union Pacific situation?
(a) To only trust himself.
(b) To listen more carefully to his manager.
(c) To go back to school to learn more.
(d) To practice understanding insider actions.

3. What does Livingston complain about Wall Street?
(a) How everyone is unfriendly.
(b) How slow trades are.
(c) How much money he lost.
(d) How the market goes up and down too much.

4. Where does Livingston go when he leaves Boston?
(a) Washington D.C.
(b) New York.
(c) Pittsburgh.
(d) Florida.

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

Short Answer Questions

1. Why is Livingston frustrated when he leaves Williamson's?

2. What does Livingston say one should do when a stock that's being sold is dropping?

3. What must a successful stock trader do?

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

5. When is there a financial panic in 1907?

(see the answer key)

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