{"product_id":"the-quants-how-a-new-breed-of-math-whizzes-conquered-wall-street-and-nearly-destroyed-it-9780307453389","title":"The Quants: How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It","description":"\u003cb\u003eWith the immediacy of today's NASDAQ close and the timeless power of a Greek tragedy, \u003ci\u003eThe Quants \u003c\/i\u003eis at once a masterpiece of explanatory journalism, a gripping tale of ambition and hubris, and an ominous warning about Wall Street's future. \u003c\/b\u003e \u003cp\u003e\u003c\/p\u003eIn March of 2006, four of 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, but those numbers meant nothing to them. They were accustomed to risking \u003ci\u003ebillions.\u003c\/i\u003e \u003cp\u003e\u003c\/p\u003e On that night, these four men and their cohorts were the new kings of Wall Street. Muller, Griffin, Asness, and Weinstein were among the best and brightest of a new breed, the \u003ci\u003equants\u003c\/i\u003e. Over the prior twenty years, this species of math whiz--technocrats who make billions not with gut calls or fundamental analysis but with formulas and high-speed computers--had usurped the testosterone-fueled, kill-or-be-killed risk-takers who'd long been the alpha males the world's largest casino. The quants helped create a digitized money-trading machine that could shift billions around the globe with the click of a mouse. Few realized, though, that in creating this unprecedented machine, men like Muller, Griffin, Asness and Weinstein had sowed the seeds for history's greatest financial disaster. \u003cp\u003e\u003c\/p\u003e Drawing on unprecedented access to these four number-crunching titans, \u003ci\u003eThe Quants \u003c\/i\u003etells the inside story of what they thought and felt in the days and weeks when they helplessly watched much of their net worth vaporize--and wondered just how their mind-bending formulas and genius-level IQ's had led them so wrong, so fast.\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eSCOTT PATTERSON\u003c\/b\u003e is author of the \u003ci\u003eNew York Times\u003c\/i\u003e bestselling book \u003ci\u003eThe Quants \u003c\/i\u003eand\u003ci\u003e Dark Pools\u003c\/i\u003e and a staff reporter for The Wall Street Journal. His work has also appeared in the New \u003ci\u003eYork Times, Rolling Stone\u003c\/i\u003e and \u003ci\u003eMother Earth News\u003c\/i\u003e. He has a masters of arts degree from James Madison University. He lives in Alexandria, Virginia.\u003cbr\u003e","brand":"Crown Currency","offers":[{"title":"Default Title","offer_id":50717701701906,"sku":"9780307453389","price":12.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0831\/4771\/8930\/files\/img_9c0e6330-b2cb-4af2-8685-f5deda2d80ca.jpg?v=1734624049","url":"https:\/\/surprise-castle.myshopify.com\/products\/the-quants-how-a-new-breed-of-math-whizzes-conquered-wall-street-and-nearly-destroyed-it-9780307453389","provider":"Surprise Castle","version":"1.0","type":"link"}