PDF The uants Epub Ì µ fobi lieser.de

uants kindle The uants MOBIEutsche Bank found time for freuent visits to Las Vegas with the famed MIT card counting team     On that night in 2006 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 uants  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 uants believed that a dizzying indecipherable to mere mortals cocktail of differential calculus uantum 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 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 uants t.

Eutsche Bank found time for freuent visits to Las Vegas with the famed MIT card counting team     On that night in 2006 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 uants  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 uants believed that a dizzying indecipherable to mere mortals cocktail of differential calculus uantum 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 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 uants t.

PDF The uants Epub Ì µ fobi lieser.de

➳ [Reading] ➶ The uants By Scott Patterson ➩ – Fobi-lieser.de “Beware of geeks bearing formulas” Warren Buffett   In March of 2006 the world’s richest men sipped champagne in an opulent New York hotel  They were preparing to compete in a poker tournament“Beware of geeks bearing formulas” Warren Buffett   In March of 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 but those numbers meant nothing to them  They were accustomed to risking billions     At the card table that night was Peter Muller an eccentric whip smart whiz kid who’d studied theoretical mathematics at Princeton and now managed a fabulously successful hedge fund called PDTwhen he wasn’t playing his keyboard for morning commuters on the New York subway  With him was Ken Griffin who as an undergraduate trading convertible bonds out of his Harvard dorm room had outsmarted the Wall Street pros and made money in one of the worst bear markets of all time  Now he was the tough as nails head of Citadel Investment Group one of the most powerful money machines on earth There too were Cliff Asness the sharp tongued mercurial founder of the hedge fund AR a man as famous for his computer smashing rages as for his brilliance and Boaz Weinstein chess life master and king of the credit default swap who while juggling 30 billion worth of positions for D.

PDF The uants Epub Ì µ fobi lieser.de

PDF The uants Epub Ì µ fobi lieser.de I'm the author of a new book called Dark Pools as well as a New York Times best seller called The uants I'm a reporter for The Wall Street Journal covering financial regulation from Washington DC I've also written for the New York Times Rolling Stone and Mother Earth News I have a masters of arts degree from James Madison University and currently live in Alexandria Virginia

10 thoughts on “The uants

  1. Andy Andy says:

    PDF The uants Epub Ì µ fobi lieser.de uants kindle, The uants MOBIDisclaimer I worked in derivatives on Wall Street for several years though this book is focused on stat arb not my area This book reminded me of When


  2. David David says:

    PDF The uants Epub Ì µ fobi lieser.de uants kindle, The uants MOBIThe author of this book makes a big deal of the fact that the major players in his story treated stock price time series like Gaussian random variables And they lost big time in 2008 Two of the minor players in the book Nassim Taleb author of The Black Swan The Impact of the Highly Improbable and Benoit Mandelbrot of fractal fame and author of The MisBehavior of Markets and Fractals and Scaling In Finance had an entirely different concept They treat stock prices as distributions with very large tails They did alright in 2008 Well duh Why didn't any of the genius uants understand this very basic concept? They all adopted a super simplistic mathematical model


  3. Szplug Szplug says:

    PDF The uants Epub Ì µ fobi lieser.de uants kindle, The uants MOBIMeh The pervasive Poker Theory forces Patterson into a straightjacket as regards his casting decisions—colourful though these depicted characters prove to be—and he assigns the label uant to those who do not seem to merit it and blame for the economic crisis of 2008 to these same uants in what in my humble opinion is a mostly erroneous and misplaced determination of guilt The background story itself is uite intriguing as is the proliferation of mathematical modeling in


  4. Navdeep Pundhir Navdeep Pundhir says:

    PDF The uants Epub Ì µ fobi lieser.de uants kindle, The uants MOBIBrilliant This book is an absolute Five Star It took me over three years after Big Short Boomerang by Michael Lewis to rate a financial journalism book this high Most books which detailed the Great Recession of 2008 has basically restate


  5. Joy Joy says:

    PDF The uants Epub Ì µ fobi lieser.de uants kindle, The uants MOBII'm a bit naive when it comes to the Wall Street world of statistical arbitrage and collateralized debt obligations so I learned something new on every page of this book I'm not sure I followed all of the different players and why exactly my mortgage is expensive than my house but this was definitely an interes


  6. Sal Fernz Sal Fernz says:

    PDF The uants Epub Ì µ fobi lieser.de uants kindle, The uants MOBIComforting to know that I can lose money with the best of them


  7. Taty K Taty K says:

    PDF The uants Epub Ì µ fobi lieser.de uants kindle, The uants MOBIThe first half is a page turner the second half reads like a drag It probably really depends on what you enjoy reading I did like the background storytelling of Ed Thorp Beat the Dealer and the very early beginning of mathematics on Wall Street I enjoyed reading about the mathematics of Brownian Motions fractals or about Mandelbrot and how they impacted the new financial modeling on top of statisticsAt some point though into the book I am lost in the narrative The author cramps in loose stories about uants that are relevant for the umbrella topic of uantitative trading but not concise any with the overall story Sometimes less is Towards the end I am not even sure what the overall narrative was supposed to be The end is abrupt and does not lead anywhereI will probably read the book again at some point But for now I am semi disappointed


  8. Dev Scott Flores Dev Scott Flores says:

    PDF The uants Epub Ì µ fobi lieser.de uants kindle, The uants MOBII don't think I've ever witnessed the reviews of a book which pointedly reflect the personal biasesgrievanceset al of the reviewers as this one does I worked a floor down from one of the main characters in this book from 2002 2007 so I know lots of these types in the real world and I don't think my experience has colored my perception of this as being an engaging entertaining narrative Some of these concepts could have been explained easily others thoroughly but I felt the author's choice in most instances was appropriate within the parameters of providing narrative flow Sure the individual characterizations run the gamut from Tom Wolfe to Nicholas Nassim Taleb lite but overall I thought it was fairly balanced pleasurable informative and uick read I'm glad I didn't bother reading any of these reviews sometimes I think people forget reviewing a book is supposed to be about the BOOK and not them


  9. Stefan Bruun Stefan Bruun says:

    PDF The uants Epub Ì µ fobi lieser.de uants kindle, The uants MOBIA good historical account of the development of uantitative finance The book doesn't go far in depth with the strategies but describes the players in the industry and their influence on the development A good starting point for anyone who wants to understand the history of uants


  10. Prasanna Prasanna says:

    PDF The uants Epub Ì µ fobi lieser.de uants kindle, The uants MOBIThe book is very fascinatingly written and it weaves the fund managers at the helm of 2008 financial crisis from the perspective of a high stakes poker game they enjoy and that’s how the book seems to derive a lo


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