The Quants: How a New Breed of Math Whizzes Conquered Wall

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

With the immediacy of todayâ€™s NASDAQ close and the timeless power of a Greek tragedy,Â The QuantsÂ is at once a masterpiece of explanatory journalism, a gripping tale of ambition and hubris, and an ominous warning about Wall Streetâ€™s future.Â

In March of 2006, four of the worldâ€™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. Â
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On that night, these four men and their cohorts were the new kings of Wall Street. Â 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 whoâ€™d long been the alpha males the worldâ€™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 historyâ€™s greatest financial disaster. Â
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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 IQâ€™s had led them so wrong, so fast.Â
Country USA
Brand Currency
Manufacturer Crown Currency
Binding Paperback
PartNumber 31199868
Color Black
IsAdultProduct
Height 7.97
Length 5.25
Weight 0.54895103238
Width 0.78
ReleaseDate 2011-01-25
NumberOfItems 1

Country	USA
Brand	Currency
Manufacturer	Crown Currency
Binding	Paperback
PartNumber	31199868
Color	Black
IsAdultProduct
Height	7.97
Length	5.25
Weight	0.54895103238
Width	0.78
ReleaseDate	2011-01-25
NumberOfItems	1

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

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