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This quiz consists of 5 multiple choice and 5 short answer questions through Chapters 2-3.

Multiple Choice Questions

1. Where did Michael Burry share his thoughts on investing while learning what he could from others in Chapter 2?
(a) Seminars.
(b) Wall street.
(c) Online social networks.
(d) Church.

2. For what company did Michael Lewis begin working after earning his Masters degree in Economics?
(a) Oppenheimer and Co.
(b) Salomon Brothers.
(c) Aames Financial.
(d) Citigroup.

3. What did Michael Burry study in college?
(a) Engineering.
(b) History.
(c) Law.
(d) Medicine.

4. Who agreed to a $5 million dollar deal with Michael Burry in Chapter 2?
(a) Goldman Sachs.
(b) Scion Capital
(c) Cornwall Capital Management.
(d) Bank of America.

5. What is the name of the investment group Steve Eisman formed after quitting his job as a bond analyst?
(a) Deutsche Bank.
(b) Cornwall Capital Management.
(c) Scion Capital.
(d) FrontPoint.

Short Answer Questions

1. Who from Deutsche Bank asked if they could buy the swaps back from Michael Burry in Chapter 2?

2. By what year had Steve Eisman gathered a group of investors around himself filled with people who believed as he did that no one on Wall Street knew what they were doing, as described in Chapter 1?

3. Who began taking the bottom tranches of their mortgage bonds and packaging them together to create CDOs in Chapter 3?

4. In what year did Steve Eisman stop working as an analyst and start his own hedge fund?

5. In a short time, Michael Burry had credit default swaps worth what in subprime mortgage bonds in Chapter 2?

(see the answer key)

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