The Quants

  • by Scott Patterson
  • Narrated by Mike Chamberlain
  • 14 hrs and 10 mins
  • Unabridged Audiobook

Publisher's 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.

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What the Critics Say

"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 bestselling author of Fooled By Randomness and The Black Swan)

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Customer Reviews

Most Helpful

Rubbish, goes around the same topics, same people

The book has no depth. It continues in a cycle of the same people, the same storys and never moves past some important questions that it asks but never answers.
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Fell in love with every aspect of this book.

This book motivates me on degree amazing!!! Good accounts of what happens and dramatisation of the process.
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- kieran

Book Details

  • Release Date: 02-02-2010
  • Publisher: Random House Audio