Quants: the maths geniuses who brought down wall street

By:

Patterson, Scot

Material type: Text

TextPublication details: London; Random House; 2010Description: 337 pISBN:

9781847940599

Subject(s):

Securities exchange

DDC classification:

332.64092273 PAT

Summary: Quants - quantitative analysts - were the maths masterminds let loose on Wall Street in the belief that their brilliant, impregnable computer programs would always beat the market. But as the catastrophic events of 2007 and 2008 showed, their seemingly failproof methods were little more than ticking timebombs. Inspired by the 'Godfather of Quants' - maths-professor-turned-gambler Ed Thorp, who began applying skills learned at the Vegas tables to the financial markets back in the 1950s - the quants achieved extraordinary success and massive wealth. This book charts their rise from obscurity to boom and then to bust, explaining why they were so confident - and how they got it so disastrously wrong.

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Holdings
Item type	Current library	Call number	Status	Date due	Barcode	Item holds
Books	Gandhi Smriti Library	332.64092273 PAT (Browse shelf(Opens below))	Available		151988

Total holds: 0

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Previous	332.64 COH House of cards: how Wall Street's gamblers broke Capitalism	332.64 HAS Empirical market microstructure	332.6402854678 BAI Electronoic trading masters	332.64092273 PAT Quants: the maths geniuses who brought down wall street	332.64092273 PAT Quants: the maths geniuses who brought down wall street	332.640973 DUN Devil's derivatives	332.640973 McD Colossal faliure of common sense	Next

Quants - quantitative analysts - were the maths masterminds let loose on Wall Street in the belief that their brilliant, impregnable computer programs would always beat the market. But as the catastrophic events of 2007 and 2008 showed, their seemingly failproof methods were little more than ticking timebombs.

Inspired by the 'Godfather of Quants' - maths-professor-turned-gambler Ed Thorp, who began applying skills learned at the Vegas tables to the financial markets back in the 1950s - the quants achieved extraordinary success and massive wealth. This book charts their rise from obscurity to boom and then to bust, explaining why they were so confident - and how they got it so disastrously wrong.

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