 Back to search results | | |
|
The Quants: How a New Breed of Math Whizzes Conquered Wall Street and Nearly... | ||
 | ||
| Item condition: | Brand New | |
| Ended: | Feb 09, 201208:39:00 PST | |
| Price: | US $31.99 | |
| Shipping: | FREE Economy Shipping | |
| Item location: | USA, United States | |
| Seller: | ||
) More chances to get what you want
Feedback on our suggestions
More from the same seller
Feedback on our suggestions
Description
Seller assumes all responsibility for this listing.Item number: 260932277609
Portions of this page Copyright 1995 - 2012 Muze Inc. 
All rights reserved.
Item specifics | ||||||||||||||||||||
|
Detailed item info
| Synopsis Wall Street Journal reporter Scott Patterson pulls back the curtain on the "Quants," a group of mathematical geniuses who have been using probability formulas and high-powered computers to consistently beat the stock market for decades. According to Patterson, the "Quants" phenomenon can be traced back to the mid-1960s, when math genius Ed Thorp, who is renowned in gambling circles for being the first person to demonstrate a reliable system for beating Blackjack by counting cards, turned his attention to Wall Street, and began applying his probability statistics to the market. Sure enough, Thorp found that he could produce guaranteed profits by investing in hedge funds, and his strategy was soon being copied by fellow math savants with bigger and better computers. By the 1980s, this exclusive group of genius investors was in charge of some of the largest firms and accounts in America, having accumulated billions of dollars with increasingly specialized investment systems. However, Patterson reveals that the "Quants" played an integral role in the recent collapse on Wall Street, as they failed to adequately calculate the extent of the market's reliance on exceptionally risky mortgages.
Publisher's Note Documents the contributions of a team of young math geniuses who applied Vegas strategies to Wall Street and set in motion widespread market collapses. | ||||||||||||||||||||||||||
All rights reserved.Brand new unopened gift quality  |
Back to search results | See More Details about "The Quants: How a New Breed of Math Whizzes Conquered W..."Return to top
 About eBay | Security Center | Buyer Tools | Policies | Stores | eBay Wish list | Site Map | eBay official time | Preview new features | Tell us what you think | |
| Copyright © 1995-2012 eBay Inc. All Rights Reserved. Designated trademarks and brands are the property of their respective owners. Use of this Web site constitutes acceptance of the eBay User Agreement and Privacy Policy. |
|