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The cover 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

Scott Patterson

How did mathematicians and gamblers turn markets into equations, make millions on Wall Street, and then stumble in the crash?

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At a glance

Author
Scott Patterson

Why read it

  • You will see how the mathematical models that made quant funds fortunes also helped bring Wall Street close to ruin
  • You will understand how incentive fees work and why a fund that lost half its assets may need years to earn them again
  • You will think about investing as a game of odds, the insight Ed Thorp carried from beating blackjack to Wall Street

Who it is for

  • A retail investor curious how quant funds really work
  • A math graduate weighing a career in finance
  • A banker or trader still puzzled by the two thousand eight crash

Contents

  1. The Players
  2. Chapter 1 - All In
  3. Chapter 2 - The Godfather: Ed Thorp
  4. Chapter 3 - Beat the Market
  5. Chapter 4 - The Volatility Smile
  6. GRIFFIN
  7. MULLER
  8. ASNESS
  9. WEINSTEIN
  10. Chapter 6 - The Wolf
  11. GRIFFIN
  12. MULLER
  13. ASNESS
  14. WEINSTEIN
  15. GRIFFIN
  16. MULLER
  17. ASNESS
  18. WEINSTEIN
  19. Chapter 9 - “I Keep my Fingers Crossed for the Future”
  20. Chapter 10 - The August Factor
  21. Chapter 11 - The Doomsday Clock
  22. Chapter 12 - A Flaw
  23. Chapter 13 - The Devil’s Work
  24. Chapter 14 - Dark Pools

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