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The Quants

The maths geniuses who brought down Wall Street

Scott Patterson

$32.99

Paperback

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English
Random House
15 March 2011
How the global economy was brought to the brink of collapse

Quants' are quantative 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 ruled by intellectual hubris. At once a window into the strange world and larger-than-life personalities of Wall Street's most powerful traders, and a chronicle of how a financial sector once known as an elite aristocracy became the playground of the technocrats, this book is much more than a simple 'revenge of the nerds' story. It traces the history of the phenomenon, beginning with a 1950s gambler named Thorp who believed that the markets weren't random, that 'systems' could beat the Street the same way that dealers could be beaten in Vegas, all the way to Thorp's modern-day successors, spilling out of the world's elite technical and business schools bent on using formulae and computers to rule the markets.

A story that plays out on the biggest stage imaginable, with characters who have billions of dollars and the world's economy riding on their actions, The Quants explains in its gripping narrative how the global economy was brought to the brink of collapse.
By:  
Imprint:   Random House
Country of Publication:   United Kingdom
Dimensions:   Height: 198mm,  Width: 129mm,  Spine: 21mm
Weight:   243g
ISBN:   9781847940599
ISBN 10:   1847940595
Pages:   352
Publication Date:  
Audience:   General/trade ,  College/higher education ,  Professional and scholarly ,  ELT Advanced ,  Primary
Format:   Paperback
Publisher's Status:   Active

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

Reviews for The Quants: The maths geniuses who brought down Wall Street

Scott Patterson has the ability to see things you and I don't notice. In@lt;i@gt; The Quants@lt;/i@gt; he does an admirable job of debunking the myths of black box traders and provides a very entertaining narrative in the process. @lt;br@gt; --@lt;b@gt;Nassim Nicholas Taleb@lt;/b@gt;, New York Times bestselling author of@lt;i@gt; Fooled by Randomness@lt;/i@gt; and@lt;i@gt; The Black Swan@lt;/i@gt;@lt;br@gt;@lt;b@gt;@lt;/b@gt;@lt;br@gt; Fascinating and deeply disturbing...Patterson gives faces and personalities to the quants, making their saga accessible and intriguing...[he's] onto a big story that begs follow-up. @lt;br@gt;@lt;b@gt;--New York Times@lt;/b@gt;@lt;br@gt;@lt;br@gt; Valuable...makes [the quants'] secretive world comprehensible...the story radiates with hubris, high stakes and expensive toys. @lt;br@gt;@lt;b@gt;--Bloomberg.com@lt;/b@gt;@lt;br@gt; @lt;br@gt; A riveting account...there are many dramatic moments and a good dose of schadenfreude in Scott Patterson's THE QUA


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