Question

"Desperate gambling on the Stock Exchange, wild speculation and the excitability which he could not get over even in advancing years, had by degrees led to the decline of his fortune and the proud, fearless, self confident millionaire had become a banker of middling rank, trembling at every rise and fall in his investments." Based on the description, what conclusion can the reader make about the banker?

Answer 1

The banker's fortune declined due to gambling and speculation on the Stock Exchange, causing him to become a banker of middling rank.

Step-by-step explanation:

Based on the description, the reader can conclude that the banker's fortune had declined due to desperate gambling and wild speculation on the Stock Exchange. As a result, he had become a banker of middling rank and was now trembling at every rise and fall in his investments.

Answer 2

The banker does not seem to be aware of how he is not investing his money into the proper exchanges. It seems that he over estimates how desired the product might be. If he took time and did his research he might be able to propose a worthy investment that will give him a much needed profit.