The Quants
The maths geniuses who brought down Wall Street
$46.01
- Paperback
352 pages
- Release Date
15 March 2011
Summary
“Quants” are quantitative analysts, and in this narrative of brilliance and ambition, journalist Scott Patterson follows the rise of these young maths geniuses let loose in Wall Street’s candy shop as they zoom from the bottom of the Street’s pecking order to its pinnacle… and then set in motion ever-widening market catastrophes.
The Quants examines the economic collapse on a panoramic level, placing the breakdown of the financial system within the larger context of a world r…
Book Details
| ISBN-13: | 9781847940599 |
|---|---|
| ISBN-10: | 1847940595 |
| Author: | Scott Patterson |
| Publisher: | Cornerstone |
| Imprint: | Random House Business Books |
| Format: | Paperback |
| Number of Pages: | 352 |
| Release Date: | 15 March 2011 |
| Weight: | 243g |
| Dimensions: | 198mm x 130mm x 16mm |
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What They're Saying
Critics Review
Mr Patterson is onto a big story that already begs follow-up
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 The Author
Scott Patterson
Scott Patterson worked for several years as a financial reporter at the Wall Street Journal. He lives in New York.
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