| Author: |
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Scott Patterson
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| Title: |
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The Quants: How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It |
| Moochable copies: |
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No copies available |
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| Topics: |
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| Published in: |
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English |
| Binding: |
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Audio CD |
| Pages: |
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| Date: |
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2010-02-02 |
| ISBN: |
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0739385062 |
| Publisher: |
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Random House Audio |
| Weight: |
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0.4 pounds |
| Size: |
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5.24 x 0.0 x 6.26 inches |
| Edition: |
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Abridged |
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| Description: |
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Product Description
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 twenty 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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| URL: |
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http://bookmooch.com/0739385062 |
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