Read the quants how a new breed of math whizzes conquered wall street and nearly destroyed it by scott patterson available from rakuten kobo. Scott patterson is author of the new york times bestselling book the quants and a staff reporter for the wall street journal, where he writes about the governments regulation of the financial industry. Signin to download and listen to this audiobook today. How a new breed of math whizzes conquered wall street and nearly destroyed it in new york. In the quants he does an admirable job of debunking the myths of black box traders and provides a very entertaining narrative in the process.
Valuablemakes the quants secretive world comprehensiblethe story radiates with hubris, high stakes and expensive toys. It was released on february 2, 2010 by crown business. Scott pattersons the quants traces the rise and fall of the quantitative finance juggernauts on wall street who raked in billions of dollars with clever trading algorithms before nearly crashing the entire system. Warren buffett in march of 2006, the worlds richest men sipped champagne in an opulent new york hotel. Im the author of a new book called dark pools, as well as a new york times bestseller called the quants. How a new breed of math whizzes conquered wall street and nearly destroyed it scott patterson. The pervasive poker theory forces patterson into a straightjacket as regards his casting decisionscolourful though these depicted characters prove to beand he assigns the label quant to those who do not seem to merit it and blame for the economic crisis of 2008 to these same quants in what, in my humble opinion, is a mostly erroneous and misplaced determination of guilt. Find all the books, read about the author, and more. Scott patterson is an american financial journalist and bestselling author. A riveting accountthere are many dramatic moments and a good dose of schadenfreude in scott pattersons the quants.
The third book i recently read that has some math or physics content is wall street journal reporter scott pattersons the quants. Scott patterson is a staff reporter at the wall street journal. Nassim nicholas taleb, new york times bestselling author of fooled by randomness and the black swan. Weve finally had a chance to read wall street journal reporter scott pattersons book. In an excerpt from his new book, the quants, wall street journal reporter scott patterson shows how a brilliant new breed of mathematicians and computer scientists nearly destroyed wall street. The weekend edition of the wall street journal contained a very thoughtprovoking excerpt of its reporter, scott patersons, new book, the quants. Get this book free when you sign up for a 30day trial. Scott patterson on quants and wall street trading formulas. A riveting accountthere are many dramatic moments and a good dose of schadenfreude in scott patterson s the quants. Download for offline reading, highlight, bookmark or take notes while you read the quants. Financial times read this book if you want to understand how the collapse of the global financial system was at its core a failure of. Overall, scott patterson s book the quants is entertaining and enjoyable. Scott pattesons book, the quants, looks at this phenomenon that controlled the stock market during the last few decades.
The quants of wall street journal writer scott pattersons book, the quants, are exactly those fiercely competitive poker and bridge players, of which i was one at age 16, gone on to make an unthinkably luxurious living at it, in a highly respectable at least until just recently profession. Ive read more than a few books on wall streets latest fiasco. Let me just start out by saying that, in my mind, the quants. Scott patterson is author of the new york times bestselling book the quants and dark pools and a staff reporter for the wall street journal. Overall, scott pattersons book the quants is entertaining and enjoyable. His work has also appeared in the new york times, rolling stone and mother earth news. The quants by scott patterson, 9781847940599, available at book depository with free delivery worldwide. The quants isbn 9780307453372 pdf epub scott patterson. The author, scott patterson, writes in an accessible, engaging style, making it difficult to put the book down at times.
The maths geniuses who brought down wall street by patterson, scott isbn. Written by scott patterson, audiobook narrated by mike chamberlain. How a new breed of math whizzes conquered wall street and nearly destroyed it by scott patterson 2010, hardcover at the best online prices at ebay. How math whizzes helped sink the economy book excerpt scott pattersons book the quants profiles the quantitativeminded investors who helped inflate the hedge fund bubble. With the immediacy of todays nasdaq close and the timeless power of a greek tragedy, the quants is at once a masterpiec. Thorps story, and those of many other marketdriven math whizzes, is told in scott pattersons new book the quants. He has a masters of arts degree from james madison university. How a new breed of math whizzes conquered wall street and nearly destroyed it patterson, scott on. Scott patterson has the ability to see things you and i dont notice. It also does a good job of profiling some of the colorful personalities of the quant world peter muller and cliff asness being the most colorful of the bunch. In the quants, scott patterson tells the story not just of these men, but of jim simons, the reclusive founder of the most successful hedge fund in history.
Starting from midcentury, patterson identifies the physicists, mathematicians, and computer scientists who began applying their. How math whizzes helped sink the economy book excerpt. While i liked lewis book a bit more, the quants more than holds its own. The influx of mathematical and physics wizards entering the arena of trading using complicated algorithm written on super powered computers, making huge profits out of the system, which traditionally relied on the intuition to an extend and limited knowledge of the traders. Its a very lively and entertaining telling of a story which features quite a few mathematicians who have gone on to make and then sometimes lose absurd amounts of money using. Right off the bat, we can tell you that the majority of readers will find this book interesting. Scott patterson worked for several years as a financial reporter at the wall street journal.
I think the quants could be the book on wall street i have been waiting for. The book covers the growth of electronic stock trading and the predatory nature of todays high frequency trading environment. How a new breed of math whizzes conquered wall street and nearly destroyed it scott patterson ebook. The quants by scott patterson penguin books australia. How a new breed of math whizzes conquered wall street and nearly destroyed it. Inside the doomsday machine, the quants makes what would be a dry narrative more interesting by focusing on characters as much as arcane stock market theories. The book describes the world of quantitative analysis and the various hedge funds that use the technique. Bandits, and the threat to the global financial system and the new york times bestselling book the quants. Aaron brown, the quant who used his math skills to humiliate wall streets old guard at their trademark game of liars poker, and years later found himself with a frontrow seat to the.
These guys have transformed wall street making themselves billionaires and making the markets potentially more dangerous than the infamously volatile, planetthreatening, krakatao volcano. However, it is conceptually heavy in the first half, with valuable references to the technical books, papers, and. How a new breed of math whizzes conquered wall street and nearly destroyed it, by scott patterson new york. It is good and it may be one of the best on the origins, mechanisms, models, culture and consequences of the quants on wall street. Scott patterson tracks the mathematical geniuses or genii known as the quants.
Based on the lengthy piece in the journal, this is one book that promises to be worth reading. How a new breed of math whizzes conquered wall street and nearly destroyed it by scott patterson. He is a staff reporter at the wall street journal and author of dark pools. The quants is the debut new york times best selling book by wall street journalist scott patterson.
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