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Book Reviews of The Quants: How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It

The Quants: How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It
The Quants How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It
Author: Scott Patterson
ISBN-13: 9780307453389
ISBN-10: 0307453383
Publication Date: 1/25/2011
Pages: 352
Rating:
  • Currently 3/5 Stars.
 1

3 stars, based on 1 rating
Publisher: Crown Business
Book Type: Paperback
Reviews: Amazon | Write a Review

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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.