View a FREE sample

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

Multiple Choice Questions

1. What had Michael Burry's father warned him to stay away from in Chapter 2?
(a) The stock market.
(b) Las Vegas.
(c) Women.
(d) Fire.

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

3. On what date did the head of the International Monetary Fund warn that the world financial system was teetering on the "brink of systemic meltdown"?
(a) October 11, 2008.
(b) March 4, 2006.
(c) August 15, 2009.
(d) June 28, 2007.

4. What is a legal document that institutions and businesses use to describe the securities they are offering for participants and buyers?
(a) Contract.
(b) Prospectus.
(c) Syllabus.
(d) Terms of Service.

5. In what year did Steve Eisman stop working as an analyst and start his own hedge fund?
(a) 1997.
(b) 1988.
(c) 2004.
(d) 1992.

Short Answer Questions

1. Michael Burry could not bet against mortgage bonds in the same way he could other bonds because he could not short houses, only what?

2. For what company did Michael Lewis begin working after earning his Masters degree in Economics?

3. In Michael Burry's first credit default swap, he bought how many bonds?

4. Who agreed to a $5 million dollar deal with Michael Burry in Chapter 2?

5. What is often referred to as a form of insurance that protects a lender if a borrower of capital defaults on a loan?

(see the answer key)

This section contains 239 words (approx. 1 page at 300 words per page) View a FREE sample