• The Quants

  • How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It
  • By: Scott Patterson
  • Narrated by: Mike Chamberlain
  • Length: 6 hrs and 27 mins
  • Abridged Audiobook
  • Release date: 02-02-10
  • Language: English
  • Publisher: Random House Audio
  • 4 out of 5 stars 4.2 (12 ratings)

Summary

In March 2006 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. At the card table that night was Peter Muller, who managed a fabulously successful hedge fund called PDT. With him was Ken Griffin, who was the tough-as-nails head of Citadel Investment Group. There, too, were Cliff Asness, the sharp-tongued, mercurial founder of the hedge fund AQR Capital Management, and Boaz Weinstein, chess "life master" and king of the credit-default swap.
Muller, Griffin, Asness, and Weinstein were among the best and brightest of a new breed, the quants. Over the past 20 years, this species of math whiz had usurped the testosterone-fueled, kill-or-be-killed risk takers who'd long been the alpha males of the world's largest casino. The quants believed that a cocktail of differential calculus, quantum physics, and advanced geometry held the key to reaping riches from the financial markets. And they helped create a digitized money-trading machine that could shift billions around the globe with the click of a mouse.
Few realized that night, though, that in creating this extraordinary system, men like Muller, Griffin, Asness, and Weinstein had sown the seeds for history's greatest financial disaster.
©2010 Scott Patterson (P)2010 Random House Audio
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Critic reviews

"Scott Patterson has the ability to see things you and I don't notice. He does an admirable job of debunking the myths of black box traders and provides a very entertaining narrative in the process." (Nassim Nicholas Taleb, New York Times best-selling author of Fooled By Randomness and The Black Swan)
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Customer Reviews

Most Helpful
5 out of 5 stars
By Amazon Customer on 26-03-18

great listen. I

great topic. history. the order of the chapters by the big players was great for an audiobook.

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3 out of 5 stars
By Jordan McBain on 08-02-18

interesting historical account

provides an interesting description of the major players and the history of quantitative finance. however it is very light on mathematical insight.

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