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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. What does Livingston say gives a trader the sense of what to do?

2. What does Livingston say a good broker letter should be?

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

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

5. What has the market done about charlatans since Livingston has been trading?

Short Essay Questions

1. What does Livingston say when people say a stock drops because someone sells it?

2. Why does Imperial Steel hire Livingston and why do they need him?

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

4. How does a trader test a stock?

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

6. What happens when Livingston starts buying up what Imperial Steel stock is on the market.

7. Why were the three main stock holders of Consolidated Stove angry at Livingston?

8. What does Jim Barnes ask of Livingston? How was Consolidated Stove formed?

9. What does Livingston do to keep from being broke again?

10. What does Livingston say about the press and insider trading?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Livingston, though still losing money, is making enough money to live on, which only delays the inevitable need to learn new trading techniques.

1. Explain why having enough money to live on would delay Livingston learning the stock broker trade.

2. If one has a natural talent for a musical instrument and can play it somewhat when first trying what do you think would be the equivalent for farther learning of the musical instrument if the situation was an analogy for the statement above?

3. If the above statement is true do you think it would mean mediocrity can get in the way of greatness? Why or why not?

Essay Topic 2

Livingston gets a strong hunch and cannot shake the urge to sell Union Pacific stock.

1. Do you think it's unwise to sell stock based on a hunch? Why or why not?

2. Just because Livingston's hunch worked out this time do you think he should continue to use hunches? Why or why not?

3. Given the fact that more people have lost money on a hunch then made it, do you think Livingston should have written about hunches? Why or why not?

Essay Topic 3

He considers commodities down to earth and less prone to complex maneuvering than stocks. They are affected by supply and demand and conditions that don't affect stock as much.

1. Why do you think Livingston thinks the above statement is true? Use examples from the book to support your answer.

2. Having read the entire book do you think trading in commodities would be easier than in stock? Why or why not?

3. Given the differences in transportation and the wider global market do you think commodity trading has become more complex? Why or why not?

(see the answer keys)

This section contains 1,188 words (approx. 4 pages at 300 words per page) View a FREE sample