The Quants : How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It

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Numbers Rule Wall Street: Introduction to Quants

Recommended for those interested in finance & mathematics. Provides an insightful look into the world of financial engineering and the consequences that followed.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.

The Quants : How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It

Regular price $13.67
Unit price
per
ISBN: 9780307453389
Authors: Scott Patterson
Publisher: Crown Currency
Date of Publication: 2011-01-25
Format: Paperback
Related Collections: Science, Business, Economics, History
Goodreads rating: 3.88
(rated by 8843 readers)

Description

With the immediacy of today’s NASDAQ close and the timeless power of a Greek tragedy,  The Quants  is at once a masterpiece of explanatory journalism, a gripping tale of ambition and hubris, and an ominous warning about Wall Street’s future. In March of 2006, four of the world’s richest men sipped champagne in an opulent New York hotel. They were preparing to compete in a poker tournament with million-dollar stakes, but those numbers meant nothing to them. They were accustomed to risking billions.   On that night, these four men and their cohorts were the new kings of Wall Street.  Muller, Griffin, Asness, and Weinstein were among the best and brightest of a new breed, the quants . Over the prior twenty years, this species of math whiz--technocrats who make billions not with gut calls or fundamental analysis but with formulas and high-speed computers--had usurped the testosterone-fueled, kill-or-be-killed risk-takers who’d long been the alpha males the world’s largest casino. The quants helped create a digitized money-trading machine that could shift billions around the globe with the click of a mouse. Few realized, though, that in creating this unprecedented machine, men like Muller, Griffin, Asness and Weinstein had sowed the seeds for history’s greatest financial disaster.   Drawing on unprecedented access to these four number-crunching titans, The Quants tells the inside story of what they thought and felt in the days and weeks when they helplessly watched much of their net worth vaporize--and wondered just how their mind-bending formulas and genius-level IQ’s had led them so wrong, so fast.
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Numbers Rule Wall Street: Introduction to Quants

Recommended for those interested in finance & mathematics. Provides an insightful look into the world of financial engineering and the consequences that followed.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.