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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter XIV.

Multiple Choice Questions

1. What does Livingston figure out he has to do to make a lot of money?
(a) Trade on broad principles.
(b) Play one stock consistently.
(c) Keep his money riding longer.
(d) Spread his money around.

2. What type of time is the trading at a bucket shop?
(a) Over a lifetime.
(b) Long term.
(c) Short term.
(d) Several weeks.

3. Why doesn't Livingston make any money no matter how hard he tries?
(a) He has lost his enthusiasm.
(b) He has lost the pattern.
(c) Market conditions aren't right.
(d) He had to start with too little.

4. What happens shortly after he starts selling Union Pacific stock by the thousands?
(a) The San Francisco tidal wave.
(b) Nothing happens.
(c) The San Francisco fire.
(d) The San Francisco earthquake.

5. What does Livingston notice not long after selling off his Union Pacific stock?
(a) The stock begins rising.
(b) The company expands.
(c) The stock falls even farther.
(d) The company folds.

Short Answer Questions

1. What does Livingston do after receiving advice from his manager?

2. What happens when the market falls steeply in 1906?

3. What does Livingston do to prevent being broke again?

4. What has he regretted ignoring in the past?

5. How much money does Livingston make when he first comes back from St. Louis?

(see the answer key)

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