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This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

1. How was the company Consolidated Stove formed?

2. What does Livingston say he has to do with a strong urge?

3. When was the famous stock manipulator active?

4. What does Livingston do to prevent being broke again?

5. What does Livingston say about a drop in a stock price?

Short Essay Questions

1. What does Livingston notice about the price of Tropical Trading and what does he do about it?

2. What does Livingston do when he returns to New York?

3. How does Livingston think James R. Keene would do in the market of Livingston's era.

4. What is one of the primary tools to manipulate a stock?

5. What does Livingston warn about various conditions that affect the market?

6. What does Livingston do about all his debt?

7. What happens to Livingston after he follows Percy's advice?

8. What does Livingston say about forces that can cause plans to go wrong?

9. Sum up what Livingston says about cornering the market.

10. What does Livingston say about broker letters?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Having patience and waiting until the right moment is an important aspect of successful trading.

1. Explain, using examples from the book, what you think is meant by this statement.

2. Discuss two situations in your own life that requires patience and good timing.

3. Do you think Livingston's advice could be used in situations other than trading on Wall Street? Why or why not?

Essay Topic 2

Livingston gives a number of his opinions on the stock market.

1. Discuss Livingston 's opinions of three topics. Do you agree or disagree with him? Why?

2. Compare and contrast Livingston's opinions from this book with what you might imagine he would think today in the 21st century. How do you think his opinions would change? Would remain the same? Explain fully.

3. Discuss how you think Livingston's view on several topics from this essay informs his life as a trader.

Essay Topic 3

The book, REMINISCENCES OF A STOCK OPERATOR, is considered a classic in business education and is required reading in most business colleges.

1. Why do you think the above statement is true?

2. After reading REMINISCENCES OF A STOCK OPERATOR do you think you understand more of the stock market and the economy than before you read it? Why or why not?

3. Do you think it is too outdated to be of any use to students today? Why or why not?

(see the answer keys)

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