Livingston often says that the nature of speculation will never change, because human nature remains the same. In reading through his accounts of the stock market at the turn of the century through World War I, what aspects of human behavior do you see that are reflected in modern events? What basic drives still affect how the market works? What mistakes did the general public make then that they still make now, and why is it that this happens?

In the last few chapters, Livingston describes some market practices that in his opinion, ought to be banned. How many of these have been banned since that time? What fundamental changes have taken place with respect to insider trading since Livingston's day? Are there still markets that are relatively unregulated today?

How do you think the advent of technology and the globalization of the world...