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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. How many people held most of the stock in Consolidated Stove?

2. What did coffee brokers tell Congress about Livingston?

3. Why does Livingston say traders are often vilified in the press and by other traders?

4. Who does Livingston think benefits most from tips?

5. How does Livingston drive up the price of Consolidated Stove?

Short Essay Questions

1. How does Livingston feel about tips and to what does he attribute his success?

2. What does Livingston do when he returns to New York?

3. What does Livingston notice about the price of Tropical Trading and what does he do about it?

4. What happens when Livingston starts buying up what Imperial Steel stock is on the market.

5. What does Livingston do about all his debt?

6. What does Jim Barnes ask of Livingston? How was Consolidated Stove formed?

7. What does Livingston do when insiders in Tropical Trading try to knock him out of the market?

8. What does Livingston say when people say a stock drops because someone sells it?

9. What does Livingston say about broker letters?

10. How does Livingston think James R. Keene would do in the market of Livingston's era.

Essay Topics

Write an essay for ONE of the following topics:

Essay Topic 1

Livingston, though still losing money, is making enough money to live on, which only delays the inevitable need to learn new trading techniques.

1. Explain why having enough money to live on would delay Livingston learning the stock broker trade.

2. If one has a natural talent for a musical instrument and can play it somewhat when first trying what do you think would be the equivalent for farther learning of the musical instrument if the situation was an analogy for the statement above?

3. If the above statement is true do you think it would mean mediocrity can get in the way of greatness? Why or why not?

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

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.

(see the answer keys)

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