• The Quants

  • How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It
  • By: Scott Patterson
  • Narrated by: Mike Chamberlain
  • Length: 6 hrs and 27 mins
  • Abridged
  • Release date: 02-02-10
  • Language: English
  • Publisher: Random House Audio
  • 4.1 (37 ratings)

Regular price: $26.60

Free with 30-day trial
Membership details Membership details
  • A 30-day trial plus your first audiobook, free
  • 1 credit/month after trial – good for any book, any price
  • Easy exchanges – swap any book you don’t love
  • Keep your audiobooks, even if you cancel
  • After your trial, Audible is just $14.95/month
Select or Add a new payment method

Buy Now with 1 Credit

By confirming your purchase, you agree to Audible's Conditions of Use and Amazon's Privacy Notice. Taxes where applicable.

Buy Now for $26.60

Pay using card ending in
By confirming your purchase, you agree to Audible's Conditions of Use and Amazon's Privacy Notice. Taxes where applicable.

Publisher's Summary

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 20 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.
©2010 Scott Patterson; (P)2010 Random House Audio
Show More Show Less

Critic Reviews

"Scott Patterson has the ability to see things you and I don't notice. He does an admirable job of debunking the myths of black box traders and provides a very entertaining narrative in the process." (Nassim Nicholas Taleb, New York Times best-selling author of Fooled By Randomness and The Black Swan)
Show More Show Less
No Reviews are Available