The Quants: How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It
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ISBN:
9781415966532
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Grouping Information
| Grouped Work ID | 25f32bf5-e153-4cf3-a29d-3f054505816f |
|---|---|
| Grouping Title | quants how a new breed of math whizzes conquered wall street and nearly destroyed it |
| Grouping Author | scott patterson |
| Grouping Category | book |
| Grouping Language | English (eng) |
| Last Grouping Update | 2025-04-25 05:07:21AM |
| Last Indexed | 2025-04-25 05:13:35AM |
Solr Fields
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author
Patterson, Scott
author_display
Patterson, Scott
display_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.
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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eAudiobook
format_category_catalog
Audio Books
eBook
eBook
id
25f32bf5-e153-4cf3-a29d-3f054505816f
isbn
9781415966532
last_indexed
2025-04-25T09:13:35.423Z
lexile_score
-1
literary_form
Non Fiction
literary_form_full
Non Fiction
primary_isbn
9781415966532
publishDate
2010
publisher
Books on Tape
recordtype
grouped_work
title_display
The Quants How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It
title_full
The Quants How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It
title_short
The Quants
title_sub
How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It
topic_facet
Business
Finance
History
Nonfiction
Finance
History
Nonfiction
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