EAN: 9780307453389

NEW YORK TIMES BESTSELLER THE QUANTS - SCOTT ...

With the immediacy of today's NASDAQ close and the timeless power of a Greek tragedy  The
Quants is at once a masterpiece of explanatory journalism  a gripping tale of ambition and
hubris  and an ominous warning about Wall Street's future.   In 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 billions.     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 quants. 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.     Drawing on unprecedented access to these four number-crunching titans  The Quants
tells 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.

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