The Quants: How a small band of maths wizards took over Wall Street and nearly destroyed it
Condition: SECONDHAND
NB: This is a secondhand book in very good condition. See our FAQs for more information. Please note that the jacket image is indicative only. A description of our secondhand books is not always available. Please contact us if you have a question about this title.
Author: Scott Patterson
Format: Paperback
Number of Pages: 352
How would you feel if you outperformed the market, year after year? Would you become convinced that the good times were here to stay, that nothing could possibly go wrong? And how would you then feel if everything suddenly collapsed around you? Quants quantitative analysts were the maths geniuses let loose in Wall Street's candy store, and this gripping narrative of talent and ambition follows their dizzying rise from the bottom of the Street's pecking order to its pinnacle. Their ascent was predicated on the belief that they had invented and were fine-tuning brilliant and impregnable computer programs that would always beat the market. Unfortunately, as the events of 2007 and 2008 showed all too clearly, these programs turned out to be ticking timebombs. The story actually begins in the 1950s, when a successful maths-professor-turned-gambler named Ed Thorp realised that skills learned at the Vegas tables could also be applied to the financial markets. He soon acquired followers and imitators who, over the next few decades, assumed positions of ever-greater power and influence. Clever, eccentric, often larger than life, they achieved extraordinary success and massive wea
Author: Scott Patterson
Format: Paperback
Number of Pages: 352
How would you feel if you outperformed the market, year after year? Would you become convinced that the good times were here to stay, that nothing could possibly go wrong? And how would you then feel if everything suddenly collapsed around you? Quants quantitative analysts were the maths geniuses let loose in Wall Street's candy store, and this gripping narrative of talent and ambition follows their dizzying rise from the bottom of the Street's pecking order to its pinnacle. Their ascent was predicated on the belief that they had invented and were fine-tuning brilliant and impregnable computer programs that would always beat the market. Unfortunately, as the events of 2007 and 2008 showed all too clearly, these programs turned out to be ticking timebombs. The story actually begins in the 1950s, when a successful maths-professor-turned-gambler named Ed Thorp realised that skills learned at the Vegas tables could also be applied to the financial markets. He soon acquired followers and imitators who, over the next few decades, assumed positions of ever-greater power and influence. Clever, eccentric, often larger than life, they achieved extraordinary success and massive wea
Description
NB: This is a secondhand book in very good condition. See our FAQs for more information. Please note that the jacket image is indicative only. A description of our secondhand books is not always available. Please contact us if you have a question about this title.
Author: Scott Patterson
Format: Paperback
Number of Pages: 352
How would you feel if you outperformed the market, year after year? Would you become convinced that the good times were here to stay, that nothing could possibly go wrong? And how would you then feel if everything suddenly collapsed around you? Quants quantitative analysts were the maths geniuses let loose in Wall Street's candy store, and this gripping narrative of talent and ambition follows their dizzying rise from the bottom of the Street's pecking order to its pinnacle. Their ascent was predicated on the belief that they had invented and were fine-tuning brilliant and impregnable computer programs that would always beat the market. Unfortunately, as the events of 2007 and 2008 showed all too clearly, these programs turned out to be ticking timebombs. The story actually begins in the 1950s, when a successful maths-professor-turned-gambler named Ed Thorp realised that skills learned at the Vegas tables could also be applied to the financial markets. He soon acquired followers and imitators who, over the next few decades, assumed positions of ever-greater power and influence. Clever, eccentric, often larger than life, they achieved extraordinary success and massive wea
Author: Scott Patterson
Format: Paperback
Number of Pages: 352
How would you feel if you outperformed the market, year after year? Would you become convinced that the good times were here to stay, that nothing could possibly go wrong? And how would you then feel if everything suddenly collapsed around you? Quants quantitative analysts were the maths geniuses let loose in Wall Street's candy store, and this gripping narrative of talent and ambition follows their dizzying rise from the bottom of the Street's pecking order to its pinnacle. Their ascent was predicated on the belief that they had invented and were fine-tuning brilliant and impregnable computer programs that would always beat the market. Unfortunately, as the events of 2007 and 2008 showed all too clearly, these programs turned out to be ticking timebombs. The story actually begins in the 1950s, when a successful maths-professor-turned-gambler named Ed Thorp realised that skills learned at the Vegas tables could also be applied to the financial markets. He soon acquired followers and imitators who, over the next few decades, assumed positions of ever-greater power and influence. Clever, eccentric, often larger than life, they achieved extraordinary success and massive wea
The Quants: How a small band of maths wizards took over Wall Street and nearly destroyed it