Trina B. reviewed The Quants: How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It on + 6 more book reviews
An excellent overview of the creation and exploitation of derivatives that ultimately led to the meltdown of Wall Street in 2007. Amazing to see how twenty-somethings with advanced degrees in mathematics created algorithms to exploit market fluctuations. Unfortunately, these same algorithms were enabled with lots of leveraging which came tumbling down with the housing market in 2007. A little "technical" with the Wall Street stuff, but the glossary helped substantially. If you're an investment banker, fraud investigator, or anyone in between you'll really enjoy this book.
