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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 decide from the Union Pacific situation?

2. What is affected the most by timing on Wall Street?

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

4. Why does Livingston keep losing money on stocks?

5. Why do the bucket shops begin banning Livingston?

Short Essay Questions

1. What happens when Livingston first comes back from St. Louis?

2. What concerns Livingston in 1906 and why?

3. What do customers in bucket shops do?

4. Why is Livingston still losing money on Wall Street?

5. What happens in October of 1907?

6. What does Livingston say again about the bucket shops and Wall Street?

7. What commodities has Livingston been trading and how is that going?

8. What does Livingston say about trading every day?

9. What's the difference between trading on Wall Street and bucket shops and how does it affect Livingston?

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

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Livingston gives a number of his opinions on the stock market.

1. Discuss Livingston 's opinions of three topics. Do you agree or disagree with him? Why?

2. Compare and contrast Livingston's opinions from this book with what you might imagine he would think today in the 21st century. How do you think his opinions would change? Would remain the same? Explain fully.

3. Discuss how you think Livingston's view on several topics from this essay informs his life as a trader.

Essay Topic 2

The book, REMINISCENCES OF A STOCK OPERATOR, is considered a classic in business education and is required reading in most business colleges.

1. Why do you think the above statement is true?

2. After reading REMINISCENCES OF A STOCK OPERATOR do you think you understand more of the stock market and the economy than before you read it? Why or why not?

3. Do you think it is too outdated to be of any use to students today? Why or why not?

Essay Topic 3

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?

(see the answer keys)

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