• $16.99

Publisher Description

In March 2006, 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. At the card table that night was Peter Muller, who managed a fabulously successful hedge fund called PDT. With him was Ken Griffin, who was the tough-as-nails head of Citadel Investment Group. There, too, were Cliff Asness, the sharp-tongued, mercurial founder of the hedge fund AQR Capital Management, and Boaz Weinstein, chess “life master” and king of the credit-default swap.  
           
Muller, Griffin, Asness, and Weinstein were among the best and brightest of a new breed, the quants. Over the past twenty years, this species of math whiz had usurped the testosterone-fueled, kill-or-be-killed risk takers who’d long been the alpha males of the world’s largest casino. The quants believed that a cocktail of differential calculus, quantum physics, and advanced geometry held the key to reaping riches from the financial markets. And they helped create a digitized money-trading machine that could shift ­billions around the globe with the click of a mouse. Few realized that night, though, that in creating this extraordinary system, men like Muller, Griffin, Asness, and Weinstein had sown the seeds for history’s greatest financial disaster.

GENRE
Business & Personal Finance
NARRATOR
MC
Mike Chamberlain
LENGTH
14:10
hr min
RELEASED
2010
February 2
PUBLISHER
Random House Audio
LANGUAGE
EN
English
SIZE
437.2
MB

Customer Reviews

Rrao ,

The Quants

It's an amzing book to read and listen. It describes how a few (5/6) Quants guys/gals using their computer trading system and using large leverage almost destroyed our financial system. I listen to this audiobook over and over again when I am on the tred mill. The story is so capitavating!

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