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Personally, any book that keeps me turning pages even though I barely understand it should get 5 stars. Since I don't do Wall Street or finance, I was completely ignorant that there were a whole bunch of Ph.D. mathematicians who had started up quantitative hedge funds. What that really means is mega-math brains (known as Quants) armed with tons of data on how the markets have responded over the years and super-fast supercomputers. Interestingly, most of them started young with a fascination for
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What a juicy and fascinating story. However, being someone in the financial industry (and a quasi-quant), I must say that Patterson seems to have simplified a lot of things. The whole industry is much more complicated and intertwined. The quants should be the only ones who get the blame as there are MANY players. It's hard to imagine how these guys couldn't perceive risks in what they were doing, but it was a great decade after all. EVERYONE was raking in money. It was hard to imagine, I'm sure,
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Mar 19, 2010
Laurean
marked it as to-read
Jul 27, 2010
Rob L
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Nov 18, 2011
Rodney Ulyate
marked it as to-read
