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

Multiple Choice Questions

1. What does Livingston do when he proves himself right about the market in Chapter IX?
(a) Buys stock.
(b) Sells stock.
(c) Holds steady.
(d) Sells high end stock and buys low end stock.

2. What do the banks ask Livingston to not do during the panic of 1907?
(a) Sell commodities.
(b) Sell any more stock.
(c) Buy any more stock.
(d) Buy mutual funds.

3. What does Livingston conclude when Union Pacific announces a dividend?
(a) The company is poorly run.
(b) He had read the insiders correctly.
(c) They are borrowing money from somewhere.
(d) The stock is worthless.

4. Where does Livingston go with his $500?
(a) To Boston.
(b) To Dallas.
(c) To St. Louis.
(d) To Atlanta.

5. What did Livingston do about individual stocks?
(a) Paid absolutely no attention to them.
(b) Stopped focusing on them.
(c) Made charts of their ups.
(d) Followed them carefully.

Short Answer Questions

1. For what does young Livingston have an excellent memory?

2. What concerns Livingston in 1906?

3. What does Livingston do after he sold all the stock in Union Pacific and after the earthquake?

4. When should one stay clear of a stock?

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

(see the answer key)

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