View a FREE sample

This test consists of 5 short answer questions, 10 short essay questions, and 1 (of 3) essay topics.

Short Answer Questions

1. What does Livingston believe about the cotton market when he and Percy are discussing it?

2. The price on the stocks in bucket shops is in what according to time?

3. What does Livingston notice not long after selling off his Union Pacific stock?

4. When can one only sell stock?

5. Where does Livingston go when he leaves Boston?

Short Essay Questions

1. What does Livingston do with Roberts suggestion?

2. What do customers in bucket shops do?

3. Why does Livingston take so long to figure out the stock market and what happens then?

4. What lesson does Livingston finally learn about markets?

5. What does Livingston discuss concerning stocks in Chapter V?

6. What kind of trader does Livingston hear had a bad loss and what does he do about it?

7. What happens to Livingston in St. Louis?

8. What difference of opinion do Livingston and Percy have and who convinces who?

9. What job did Livingston have when the book opened and how are stock quotes done?

10. What concerns Livingston in 1906 and why?

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Livingston warns there are some things no speculator can guard against. No trader can account for all the factors that affect a trade.

1. Given the uncertainty in the numerous factors involved in stock trading why do you think people do it?

2. What other careers have such uncertainty to them? Describe in detail why.

3. Do you think life is better uncertain or not? Why?

Essay Topic 2

Livingston goes back and forth between cities trying to earn money. He won't settle down and learn how to do Wall Street. Given his circumstances he doesn't seem to be a very stable individual.

1. Would you agree or disagree with the above statement? Why or why not? Use examples from the book to support your answer.

2. Given what we've seen thus far of Livingston's character explain, in detail, why he probably wouldn't be happy in a steady job.

3. Why do you think Livingston keeps moving around? Use examples from the book to support your answer.

Essay Topic 3

One can only sell shares of a stock if there are willing buyers. There is only so much stock for a particular company, and individual traders can strongly affect the market through their actions.

1. What do you think would happen to a stock if everyone wanted to sell but no one wanted to buy? Use examples from the book to support your answer.

2. Do you think given the size of the market when Livingston was a trader and now that individual traders can still affect the market? Why or why not?

3. Given the difference in size between the market of Livingston's day and the present time, discuss ways in which his advice might not be relevant today.

(see the answer keys)

This section contains 933 words (approx. 4 pages at 300 words per page) View a FREE sample