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

Multiple Choice Questions

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

2. The price on the stocks in bucket shops is in what according to time?
(a) Elasped time.
(b) Real time.
(c) Two days old.
(d) Several hours old.

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

4. What does Livingston say is the most important thing?
(a) Follow your hunches.
(b) Have a general strategy and stick with it.
(c) Be prepared to hold stocks for years.
(d) Be prepared to lose money.

5. What does Livingston say to do with anything showing a loss?
(a) Sell it immediately.
(b) Sell it after it moves in either direction.
(c) Hold it until it goes up.
(d) Buy more of it.

Short Answer Questions

1. What does Livingston say financial news in the papers is?

2. Why do the bucket shops begin banning Livingston?

3. Who does the president of the Stock Exchange and the wealthiest bank go to see?

4. What does Livingston figure out he has to do to make a lot of money?

5. What does Livingston do when he proves himself right about the market in Chapter IX?

(see the answer key)

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