Marcus's Reviews > The Quants: How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It

The Quants by Scott Patterson
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May 05, 10

bookshelves: 2010-reading
Read from April 15 to May 05, 2010

Fascinating biography of 5 Quants who parleyed their love of mathematics and probabilities into billion dollar fortunes. You can't help but admire their drive and ingenuity. These are American success stories of driven men who were smart and hard working. They also happened to be in the right place, Wall Street, at the right time, late 1990's. I do not agree with author's assertion that they almost destroyed Wall Street, rather they were an enabler of the high leverage employed and the breathtaking stock market decline. Decent read for anyone interested in Wall Street, how to employ a math degree beyond teaching and American success stories. One negative, is that author continuously jumps from one biography to another. While he did it to illustrate what each was doing during a given period of time, I found it annoying and often would forget what which quant was last doing. This technique is affective in thrillers. In biographies it detracts.
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