{"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\u003cb\u003eBinding Type:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Crown Business\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 01\/25\/2011\u003cbr\u003e\u003cb\u003eISBN:\u003c\/b\u003e 9780307453389\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 337\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.55lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 8.04h x 5.32w x 0.78d","brand":"Scott Patterson","offers":[{"title":"Default Title","offer_id":36635577745564,"sku":"9780307453389","price":15.3,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0473\/0804\/6492\/products\/img_3402a88f-1c84-4abf-9175-618fa426c837.jpg?v=1603839953","url":"https:\/\/pastforward.org\/products\/the-quants-how-a-new-breed-of-math-whizzes-conquered-wall-street-and-nearly-destroyed-it-9780307453389","provider":"Past Forward","version":"1.0","type":"link"}