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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 he think his debts are doing to his trading?
2. Who does Livingston think benefits most from tips?
3. Where does Livingston go after the dealings with Percy?
4. Why is Livingston frustrated when he leaves Williamson's?
5. How does he say one trader made money?
Short Essay Questions
1. How does Livingston feel about hunches?
2. Sum up what Livingston says about cornering the market.
3. What does Livingston do to keep from being broke again?
4. What does Livingston do about all his debt?
5. Why does Imperial Steel hire Livingston and why do they need him?
6. What does Jim Barnes ask of Livingston? How was Consolidated Stove formed?
7. What does Livingston warn about various conditions that affect the market?
8. What does Livingston say about the press and insider trading?
9. How does Livingston feel about tips and to what does he attribute his success?
10. How does a trader test a stock?
Essay Topics
Write an essay for ONE of the following topics:
Essay Topic 1
Eventually the three men who own so much of the stock get angry with him for not raising the price and selling their stock, too. Livingston considers there is never any point in getting angry at the market.
1. Why do you think the men were angry at Livingston? Use examples from the book to support your answer.
2. Do you think what Livingston did with Consolidated Stove was immoral? Why or why not? Use examples from the book to support your answer.
3. Why do you think Livingston says there's no point in getting angry at the market? Use examples from the book to support your answer.
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 says the important thing is to have a general strategy, stick to it, and use good information.
1. Why do you think it is important to have a general strategy in trading stocks? Give an example from the book.
2. Do you think it is difficult to stick to a plan when the plan is failing? Why or why not?
3. How difficult is it to get good information today? Do you believe what you read on the Internet? Why or why not?
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This section contains 1,027 words (approx. 4 pages at 300 words per page) |
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