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The Quants Scott Patterson

The Quants By Scott Patterson

The Quants by Scott Patterson


$20.49
Condition - Very Good
Only 1 left

Summary

Quants - quantitative analysts - were the maths masterminds let loose on Wall Street in the belief that their brilliant, impregnable computer programs would always beat the market. This book charts their rise from obscurity to boom and then to bust, explaining why they were so confident - and how they got it so disastrously wrong.

The Quants Summary

The Quants: The maths geniuses who brought down Wall Street by Scott Patterson

You're a genius. Nobody plays the financial markets better than you. What could possibly go wrong?

Quants - quantitative analysts - were the maths masterminds let loose on Wall Street in the belief that their brilliant, impregnable computer programs would always beat the market. But as the catastrophic events of 2007 and 2008 showed, their seemingly failproof methods were little more than ticking timebombs.

Inspired by the 'Godfather of Quants' - maths-professor-turned-gambler Ed Thorp, who began applying skills learned at the Vegas tables to the financial markets back in the 1950s - the quants achieved extraordinary success and massive wealth. This book charts their rise from obscurity to boom and then to bust, explaining why they were so confident - and how they got it so disastrously wrong.

The Quants Reviews

Mr Patterson is onto a big story that already begs follow-up * New York Times *
... a riveting account * Financial Times *
The Quants ... radiates with hubris, high stakes and pricey toys * Business Week *
[an] intriguing history of the Quants...[Patterson] explains how hedge funds combined techniques of arbitrage and hedging using complex computer-driven models (one was named Midas) to reduce the risk of making losing bets -- Stephen Fay * TLS *
Patterson paints a clear picture of the history and evolution of quantitative trading on Wall Street, before shifting focus to the 'crisis before the crisis' in which a number of quant funds almost collapsed in 2007...definitely worth reading for an in depth analysis of one of the points in recent financial history where things may have started to go awry * Insider *

About Scott Patterson

Scott Patterson worked for several years as a financial reporter at the Wall Street Journal. He lives in New York.

Additional information

GOR003315976
9781847940599
1847940595
The Quants: The maths geniuses who brought down Wall Street by Scott Patterson
Used - Very Good
Paperback
Cornerstone
20110407
352
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
This is a used book - there is no escaping the fact it has been read by someone else and it will show signs of wear and previous use. Overall we expect it to be in very good condition, but if you are not entirely satisfied please get in touch with us

Customer Reviews - The Quants