Taking_Stock_Stock_Market_Quiz_Feb82021

Taking stock
JQEQ 322
08FEB2021
Arun T P
A quiz on stocks, trading, stock exchanges, crooks, mechanisms,
pop culture, investments and speculations

Prologue
Every question will have one answer starting with a letter which is alluded
to in the Question No. (A-1, B-2, C-3,…Z is 26). So we will start with
A, question 1.
I have also given in bold the expected starting letter for most answers
to help you out.
Most questions will have multiple parts.
Try answering the entire answer in a single shot. Makes it easy for me
to correct.
All your guesses are good guesses.
Do send me any brickbats or clarifications on questions.
Sources are mostly the Internet, Google, Wikipedia.
Questions are restricted to stuff I know.
Some fundas might be repeated, I have tried my best to find new ones.
Thanking a few friends for some fundae, Vishnu for one.

Q1
It was founded under a Banyan tree in 1894, much like other
stock exchanges in India to avoid the traders from crowding and
doing public trading in and around a place named after a saint by
a king who himself gave name to the city, A.
Incidentally both the kings and queens of this dynasty are buried
in this general area as well. In this World Heritage city, the
building itself, another Heritage site has been unusable after
being the centre of stock trading here for almost a 100 years and
was finally moved to a new location, primarily because of a SEBI
ruling on stock exchanges having a minimum net worth of Rs
100 crore. This stock exchange was finally closed down in 2018.
On the next page, you will find a salts and savouries merchant
who has taken over in the heritage building, as well as an old
photo of SE.
Name the place (M) and the stock exchange (A).

A1
The Ahmedabad Stock Exchange at Manek Chowk, in Ahmedabad. It was
India’s second oldest stock exchange. It was located in Manek Chowk,
named after Baba Maneknath. Ahmedabad itself is named after Ahmed Shah.
Today the place is a day/night food market, along with India’s second largest
jewellery bazaar. The merchant in the question slide is Juna Share Bazaar
Chanawala. The food in the slide is an Ice-Cream Sandwich, a favourite from
Manek Chowk.

Q2
This art piece, B takes place in a darkened room and a
computer display projected into an overhead dome, much
like a planetarium. In fact audiences do see a night sky of
stars that glow as per trading happens on particular stocks.
Each traded company is a star, which flickers and glows as
shares are traded. The stars drift around slowly trying to
find common market movements, like for example a sector
on a rise, would see stocks of that sector move together
almost in unison, giving the feeling of a zodiac sign. Stars
clump together and drift apart to form visible galaxies.
Name the art piece, a word-play on a famous formula
(B), and how does the planetarium represent systemic
shocks like the Dotcom Crash, the Enron bust and the
2008 Financial crisis (B) ?

A2
Black Shoals Stock Market Planetarium is an art project created by
Joshua Portway and Lise Autogena.
It is a play on the Black-Sholes Equation used to determine the prices
of derivatives.
Systemic shocks are represented as black holes.

Q3
Mr Homma was a legendary market wizard, who lived from
1724 to 1803, who is expected to have generated a wealth
of about 12 Billion USD as per today’s estimates. In the
absence of currency, rice was used as a medium of
exchange. Various shoguns would deposit rice in
warehouses across the country and they would sell or trade
coupon receipts, rice therefore becoming the first _______
market.
Homma understood that price action of the stock/security
reflects market psychology, and he can use that to
determine the mood of the market. For this he probably
invented this now ubiquitous price visualization technique,
looking like a common household item (not so common in
modern houses), which was later adapted by a certain Dow
and made into what it is today.
FITB and what is the name of this technique(C)?

A3
Munehisa Homma used to trade in rice futures.
He invented candlestick charts

Q4
D is a stock market movement phenomenon where a stock
which has been going on a prolonged decline suddenly sees
a reverse in direction. This is short-lived though, and the
overall trend is downwards. This was observed a lot in the
fall in stocks post the Dotcom Boom.
Take a look at the picture on the next slide and come
up with a phrase.

A4
Dead Cat Bounce
Even a dead cat will bounce if thrown from a great height

Q5
The most simple one is called a V.
Something more complex than V is called an E.
B is called such because it is closer to America than
Europe.
C is called such because it is between Europe and B.
B and C are named after islands.
When you mix together various assets, you get a R.
Fill in the options, V, E, B, C and R

A5
Something more complex than Vanilla Option is called
an Exotic Option.
Bermuda Option is called such because it is closer to
America than Europe.
Canary Option is called such because it is between
Europe and Bermuda (Canary Islands).
When you mix together various assets, you get a
Rainbow Option.

Q6
This newspaper F (drop the ‘the’) currently owned by a
Japanese publication, started this distinguishing trend, as it
was cheaper to do it then this way somewhere in the 1890s.
They claimed it was a way to bring quick attention to them
vs their competitors. In the 21st century, keeping up with
this trend actually increases the cost of production.
In India most major business newspapers follow this except
one from The Hindu (B).
In 2019, in a series of articles on a major digital European
payment processor (W), F determined that there was major
malpractice, and they finally filed for bankruptcy in 2020
claiming it was missing about 2 Billion USD.
Identify F, B and W.

A6
It was the first
to start
printing news
on unbleached
paper, which
later has been
progressively
turned pinker
and pinker.

A6
The Hindu Businessline is printed on white paper
Wirecard (Markus Braun was the CEO)

Q7
• There are 3 people involved in this question.
• Person I is supposed to have something in a
commencement speech in Haas.
• Person G is a fictional character most famously associated
with this quote starting with the same letter as his name.
• Person S quotes person G in a recent Cut the Clutter
episode about the Indian Budget recently released by
Nirmala tai, by replacing one important word to
something more positive.
• Give me the person G, what is this fictional quote
and how did person S modify it to describe the
budget? (Think 3 words)
• Brownie points for cracking the references for the
clues for G

A7
• Ivan Boesky said in the Haas School of Business
Commencement speech, “I think greed is healthy.
You can be greedy and still feel good about
yourself”.

A7
• Gordon Gekko, “Greed, for lack of a better word, is
good”. “Greed is Good”
• Shekhar Gupta says “Growth is Good”
• References :
• Bill Lumbergh from the Office Space
• Ryan from the Office (US)

Q8
In a speech to young investors at the Wealth Creation
Summit organized by Badjate Stock and Shares Private
Limited in Nagpur, Mr. Damani talks very fondly about
his son’s childhood. On the kid’s 4 year old birthday,
Damani’s friends and relatives showered him with gifts,
clothes and sweets. One forward-thinking uncle gave
him scrips worth Rs. 25,000 of an Indian financial
institution H which since then has moved from the low
50s to the high 1500s, netting the kid an asset of Rs 7.5
lakhs.
Which sen-sexy scrip (H) am I talking about?

Q9
Quite often a large stock sale or buy by an institutional
or big trader will lead to major market disruption. To
avoid this, they sometimes mask their trades by using
different techniques.
One method is to break a big trade into many sized
orders, into visible and hidden parts, with the hidden
parts coming into visibility after the trade is done.
The name I for these orders come from the fact that
this is just the tip of the entire order, given the larger
number of hidden limit order left to be placed or are
reserved.
Name I.

Q10
His philosophy of investing was defined by simplicity
and common sense. He believed in investment over
speculation, long-term gains over short-term action and
reducing the broker commissions as much as possible.
For this he suggested to not try beating the index, but
rather try mimicking the index’s performance with a
basket of stocks, which over the long run will give
higher returns with lower costs, than other actively-
managed funds.
His die-hard fans have created a forum for discussion
online named after a play on his surname.
Name the person (J), what was his suggestion (I)
and the name of the forum (B).

A10
• John Clifton Bogle
• Founder of The Vanguard Group
• Index Fund / Index Mutual Fund
• Bogleheads

Q11
In April of 2019, K posted a tweet on his/her page
asking folks to not give Modi a second term, saying that
these photos (those that he attached) are as real as
Modiji’s promises.
This triggered the institution in the next slide to raise a
case against him/her because the object in the picture
was trademarked and it can’t be used without
permission.
Name K
Name the first such object that got trademarked in
India.

A11
• Kunal Kamra
• Taj Mahal Hotel, first building in India to be
trademarked (2017)

Q12
This statue has a 4 letter is an English acronym which literally
translates to freedom, hate, vengeance and eternity in the local
language. It was created in 2010, and kept in the front of a major
bourse in this Italian city.
Although popular artistic commentary says that this is an
homage to the 2008 financial crisis, but folks noticed that if you
replace the cut fingers it almost looks like an infamous gesture,
popular in this area. The statue itself is offensive in nature.
Name the statue, give the 4 letter acronym, starting with L.
Who is it supposedly dedicated to?
What infamous gesture do you get when you complete the
fingers?
In July 2019, which TV series (L or M) did a makeover of
this statue to promote the release of their 3rd season?

A12
• L.O.V.E (Liberta,
Odio, Vendetta,
Eternita)
• This statue is in
front of the Milan
Stock Exchange.
• It is a “Middle
Finger” to the
world of stock
traders and
CEOs/Capitalists.
• If you complete the
fingers, it looks like
a fascist salute. Italy
and Fascism

A12
• La Casa de Papel (Money Heist)

Q13
His first customer was the bank M, who went on to
purchase about 22 of his machines. They also went on
to support him by investing about 30 MM USD into his
new company.
M was also building their own systems, but promised to
buy his, if theirs’ didn’t succeed. So appreciative was he
of this initial investment and show of trust, that in
internal memos he is quoted saying that, he would do
anything to support M, even to the absolute detriment
of his company.
Name the double-eponymous autobiography of
the speaker (B) and the bank (M).

A13
• Bloomberg by Bloomberg

Q14
FLAME University based out of Pune is a liberal-arts
university founded by the board members of one of India’s
premier broking entities, ____ (4 letters), which later
merged with Axis Bank.
3 out of the four letters can be found in the name of the
university. One of the co-founders of this broking entity, N
is very famous for being one of the major public share-
holders in India. This firm is known to be the banker and
underwriter behind the 1993 IPO one of India’s most
famous companies, as according to the promoters of the
brokerage, they look for strength in management and they
found a lot of character in the board and great corporate
values.
Name the brokerage (E), the person (N) and the
company whose IPO is being talked about (I).

A14
• ENAM Holdings
• Nemish Shah (his partner is Vallabh Bhansali)
• Infosys

Q15
Leonard Ross was a child prodigy and quizzer who won
a 100K USD on The Big Surprise and also 64K USD
on The $64,000 Challenge. At the age of 7 he got a
Ham license. At 14, he graduated from middle school.
At 18, he entered Yale Law School, where he was an
editor-in-chief. He later had a spread career as a law
teacher, public service as a Public Service Commission
member and even for the Carter State Department. He
committed suicide after a year-long depression. In 1956,
as a 10 year old, he became the first outsider to do
something at NYSE.
What did he do?

A15
• NYSE Opening Bell ringing by guests

Q16
Some questions ago we talked about Candlestick
Patterns. Give the names of these patterns with the
clues.
Some stars
fall down
S
A tool
H
small body
forms in a
larger
older body
P
An insect
D
The
medium
for
epitaphs
G

A16
Shooting
Stars
Hammer
or
Hangman
Pregnant
Woman or
Harami
Dragonfly Gravestone

Q17
In the next slide you will see a device that was invented by
Claude Shannon, the famous computer scientist and
mathematician and a friend of his (E). It is considered to
be the first wearable computer created.
E is known as the godfather of Qs. He is very famous for
creating a lot of methods and techniques to beat the market
and the dealer. The fund he set up in 1969 is considered to
be the first Q hedge fund.
In a 1991 due diligence for a consultancy, he figured out
that there was something exceptionally wrong about the
returns being offered by a person B whose scandal broke
out 17 years later.
What was the purpose of the device?
What is Q?
Who is this notorious B?

A17
Edward O Thorp is considered the godfather of Quants.
His company Princeton/Newport Partners is considered to be
the first Quant Hedge Fund.
He along with Claude Shannon invented a small computer
wearable inside a shoe to use in casinos to beat the roulette.

A17
In 1991 while doing a due diligence,
he discovered that Bernie Madoff’s
returns were too good to be true.

Q18
Mr Vijay Kedia, ace investor talks about his simple formula of
looking for companies which are Small in size, Medium in
experience and Large in aspiration and Extra large market
potential.
He is also famous to keep on uttering, Rome was not built in a
day, but ________ and ________ were destroyed in a day,
talking about value creation and destruction timelines in the
market.
Finally, in a 2021 Economic Times article, he talks about his love
for the unknown and unpopular scrips which quite often give
fabulous returns but are risky, by quoting a certain famous line
from a recent TV series.
Identify the strategy acronym in the first line (S), what were
destroyed in a day (H,N) and finally give me the famous
line (R).

A18
Small in size, Medium in experience and Large in aspiration
and Extra large market potential (SMILE)
Hiroshima, Nagasaki

Q19
India is slow to this front, but SEBI had decided back in the
middle of 2020 to allow the establishment of some special stock
exchanges, S to enable the raising of funds for alternative
investments and to enable India’s impact revolution.
Across the worlds, many such exchanges help in either getting
investors and these organisations on the same page, or they work
like a normal commercial exchange with enhanced due diligence.
It is expected that soon enough most companies in India will
start having a CIO for the same.
Both companies and individuals will definitely benefit with this
stock exchange personally because of something that people
rush to fill in by July of every year, but this year were relaxed to
January of 2021.
What stock exchanges are we talking about, what is a CIO
and how do companies and individuals benefit?

A19
Social Stock Exchanges will allow companies and individuals to
invest in NGOs and other charities
Chief Impact Officer
Companies can show investment into NGOs as part of their
CSR budget
Individuals will get Section 80G benefits

Q20
A TC is a financial regulatory mechanism put in place to
bring a sudden pause to trading, as the flow of information
sometimes is non-uniform and it may cause panic dumping
or dramatic swings in market prices.
CT is what used to happen just outside of a financial
exchange, often on the street. As one observer puts it,
“There were at least a thousand people on the sidewalk and
street... Buyer and seller, speculator and investor, operator
and spectator, agent and principal, met face to face, upon
the curb and beneath the sweltering sun, opened their
mouths wide and screamed all manner of seeming
nonsense at each other”.
What is TC and CT?

Q21
A list of 40 in 2020. Give specific connect.
HighRadius Netskope o9 Solutions Poshmark
Pendo Headspin Actifio Ginkgo BioWorks
Omio QuantumScape ThoughtSpot Rubrik
Samsara Networks Scopely Cohesity ChargePoint
Tresata Roivant Sciences MoneyLion ClassPass
Farmers Business Network RigUp Druva Confluent
Icertis Zenefits Carta Clover Health
Udemy Freshworks Automation Anywhere Improbable
Instacart Postman Knotel Instabase
OakNorth Sprinklr Nextdoor Robinhood

A21
Unicorns founded by Indian-origin entrepreneurs, and
based out of India.

Q22
In 2010, a history student while rummaging through the
Enkhuzien city archives found the oldest stock certificate in the
world belonging to V. It was even part of the story-line in a
popular Hollywood heist movie from 2004, the movie a part of a
numerical series.
Le Maire was the biggest share-holder of this firm, and was
subsequently made governer of the firm. He was caught up in an
expenses misreporting scandal and was forced out of office and
made to sign a non-compete clause. This enraged him, and he
decided to take his revenge along with friends against the firm
doing what for the first time, very much in news in 2021. When
V got wind of it, they went to the States-General who instituted
the first stock market regulations.
Name the firm (V or D) and the 2004 Hollywood Movie (O)
What did Le Maire do first (S)?

A22
VoC (Vereenigde Oostindische Compagnie) or the
Dutch East India Company
Ocean’s Twelve (first stock certificate)
Short Selling

Q23
In the next slide, I have given a calendar for 2021 and
marked 4 dates on this with a blue colour and 8 others with
a pink colour.
Towards the end of trading sessions on these days,
something crazy happens in markets across the globe due to
expiration of options.
This has been given a name similar to another
phenomenon, which has been scientifically explained by the
rise of melatonin in the body, roughly 12 hours away from
the crazy session timing above. Melatonin increase causes
parapsychological experiences and visions.
What is the name given to this period of time (W), and
what happens during this time in stock markets?

A23
Witching Hour – An increase in melatonin may cause
people to start hallucinating. It occurs generally from 2 AM
to 4 AM, while markets mostly close down around 3 PM to
4 PM. So 12 hrs difference.
A double witching occurs eight times each year on every
third Friday of the month (except for March, June,
September, and December, of course, when a triple
witching occurs). During a double witching, two of the
options and futures expire, but not all three.
A triple witching occurs when stock market index futures,
stock market index options, and stock options all expire.
A quadruple witching occurs when stock index futures,
stock index options, and stock options all expire along with
individual stock futures options. This event has only been
around since 2001, when single stock futures were
introduced.

Q24
The easiest question of the quiz. Explain the X.
The inclusion of which Chinese major in the Hong Kong
stock market, is supposed to have created a counter-foil to
the famed GAFAM/FAAMG, with Alibaba, Tencent and
Baidu being the others in the group?

A24
The ticker symbol for United States Steel is X.
Baidu, Alibaba, Tencent and Xiaomi form the BATX
stocks.

Q25
Billion and Million both sound very similar, so to avoid
much confusion in currency markets, they refer to the
billion as Y, the truncation of a French spelling.
Such slangs are very popular in London. 2 of them are
particularly interesting.
A 10 of anything is named after a deceased race driver.
A 50 of anything refers to the middle of a bunch of
concentric circles.
What is (Y), name the race driver (A) and what is
reason behind the 50 (B)?

A25
The French for a billion is milliard. Milliard shortened
to yard.
A tenner is named after Ayrton Senna.
A 50 is named a Bully or a Bullseye. The middle circle
of a Bullseye is worth 50 points.

Q26
This phenomenon was observed during Japan’s lost
decade. Companies quite often had an interest coverage
ratio of lesser than 1 and then had to be propped up by
other institutions, sometimes banks and sometimes by
governments themselves. 2008’s TARP brought back
the term again into vogue, and now the Coronavirus
has created a new form of super Z. They are just
surviving with sufficient life-support and can go
downhill anytime. They are extensively dependent on
capital markets for refinancing their debt. Governments
often considered these companies as ___ ___ __ ____.
Identify (Z), which might remind one of certain
cerebro-phages. FITB

A26
Zombie Companies
Too Big to Fail

Taking_Stock_Stock_Market_Quiz_Feb82021

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