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Description edit
“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... read more
Ridiculously Simplified Synopsis edit
- - Good insight on what quant traders are, how they think, and the impact that the 08 -09 market had on them and vice
- - How math geeks rose to unbelievable wealth and then destroyed the market in 2008
- - EMH, LOP, Black-Scholes, stat arb, carry trade
- - "You couldn't get a date in high school and now you're ruining my month" (year, decade)
Characters/People edit
- Peter Muller: Eccentric loner, a theoretical mathematician trying to become a street musician on the side and bring meaning to his life
- Boaz Weinstein: Head of credit trading in the US at Deutsche Bank, a chess master with a burning desire to launch his own hedge fund, Saba
- Ken Griffin: Ruthless, manager of Citadel Investment Group
- Goldman Sachs: Venerable Wall Street investment bank and brokerage house
- Goldman: Add a description of this character.
- Aaron Brown
- Fama: Eugene Fama of the University of Chicago who supports the EMH theory.
- Jim Simons
- Greenspan
- Alan Greenspan
- Cliff Asness: Owner of AQR (Applied Quantitative Research) and fabulously wealthy
- Rothman
- Black
- Fischer Black
- Matthew Rothman
- Shannon
- Claude Shannon: MIT Professor famous for two 20th century intellectual advances - the application of binary number system to electronic circuits; and founding father of information theory
- John Mack
- J. P. Morgan
- Bamberger
- Tartaglia
- Bear Stearns
- Regan
- Chriss
- Nunzio Tartaglia: Masters degree in Physics from Yale, joined the Jesuits. Then earned a PhD in astrophysics from University of Pittsburgh. Eventually makes his way to Wall Street as a broker with up and down success
- Mandelbrot
- Gerry Bamberger: Computer science graduate from Columbia, joining Morgan Stanley in 1980, eventually quitting when they handed over the fruits of his labours to Nunzio Tartaglia to manage
- Rosenberg
- Jay Regan: Dartmouth Philosophy major who worked with Ed Thorpe, co-creating the hedge fund Princeton/Newport Partners
- Warren Buffett: Wealthy and successful investor based in Omaha, Nebraska. Philanthropist
- Paulson
- Levin
- Waxman
- Meriwether
- Myron Scholes
- Wilmott
- Fuld
- Liar
- Kelly
- Benson
- Larson
- Schwarzman
- Meyer
- Samuelson
- Russell
- Thorp: Ed Thorp, author of Beat the Dealer and Beat the Market
- Robert Merton
- D. E. Shaw
- Kabiller
- Houthakker
- Beeson
- John Liew
- Edward Oakley Thorp: Professor at MIT, and the man who figured out how to beat the odds on blackjack and roulette. His theories would be used by the next generation of traders to inadvertently bring down Wall Street. Author of "Beat the Dealer"
Setting & Locations edit
- Wall Street
- New York City
- Chicago
- Manhattan
- London
- California
- University Of California
- Princeton
- Saba
- Greenwich
- Berkeley
- Greenwich Village
- United States
- Citadel
- Paris
- Long Island
- Japan
- France
- San Francisco
- Washington
- Tokyo
- Connecticut
- East Setauket
- Renaissance
- Morgan Stanley
- Cambridge
- Boston
- Europe
- New Jersey
- Las Vegas
- Citigroup
- Patna
- Newport Beach
- Seattle
- Sowood
- Nevada
- America
- Hawaii
- Medallion
- Florida
First Sentence edit
Peter Muller stepped into the posh Versailles Room of the century-old St. Regis Hotel in midtown Manhattan and took in the glittering scene in a glance.
Authors & Contributors edit
- Scott Patterson (Author)
First Edition edit
Original Language: English
Publisher: Crown Business
Country: United States
Publication Date: 2009
ISBN: 978-0-307-45337-2
Page Count: 312
Publisher: Crown Business
Country: United States
Publication Date: 2009
ISBN: 978-0-307-45337-2
Page Count: 312
Classification edit
- Library of Congress: HG4928.5.P38 2009
- Dewey: 332.64092273
Subjects edit
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