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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 is the stock Livingston buys to restart his career?

2. How many people held most of the stock in Consolidated Stove?

3. How was the company Consolidated Stove formed?

4. What do the insiders of Tropical Trading do when Livingston goes short?

5. In what kind of shape is Imperial Steel?

Short Essay Questions

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

2. What does Livingston say about broker letters?

3. How does Livingston feel about tips and to what does he attribute his success?

4. What does Livingston begin to do for a living?

5. What does Livingston do when insiders in Tropical Trading try to knock him out of the market?

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

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

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

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

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

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 Do you think it is too outdated to be of any use to students today?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?

Essay Topic 2

Further, bankers beg Livingston not to sell any more stock, as it might increase the general panic, throwing the whole system into irrecoverable disarray. Livingston knows this would make it impossible for him to translate his profits into cash. Livingston sends in orders to buy a vast amount of stock, beginning a market recovery.

1. Given what you know of Livingston's character do you think buying stock in this situation was self motivated or was there an altruistic component? Why or why not?

2. Why do you think the bankers asked Livingston not to sell anymore stock? How would that relate to the creation of the 1930 depression? Use examples from the book to support your answer.

3. Do you think, given what happened in 1930, the market system could ever be thrown into irrecoverable disarray? Why or why not?

Essay Topic 3

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?

(see the answer keys)

This section contains 986 words (approx. 4 pages at 300 words per page) View a FREE sample