| 词条 | The Quants |
| 释义 |
| name = The Quants How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It | image = The Quants.jpg | size = | caption = Hardcover edition | author = Scott Patterson | country = United States | language = English | genre = Non-fiction | subject = Finance, trading, investing | publisher = Crown Business | release_date = February 2, 2010 | media_type = Print, e-book | pages = 352 pp. | isbn = 0-307-45337-5 | followed_by = Dark Pools }}The Quants is the debut New York Times best selling book by Wall Street journalist Scott Patterson.[1][2] It was released on February 2, 2010 by Crown Business. The book describes the world of quantitative analysis and the various hedge funds that use the technique.[3][4] Two years later, Patterson published a follow-up book, Dark Pools: High Speed Traders, AI Bandits and the Threat to the Global Financial System, an investigative journey into the history of high-frequency trading and the spread of artificial intelligence in today’s markets.[5][6] BackgroundPatterson began writing The Quants in 2008. He was first exposed to the quantitative analysis investment strategies while covering the financial industry for the Wall Street Journal.[7] As he became more acquainted with the players involved, he found that many of the most successful quants knew each other and carried similar eccentricities.[7] Realizing this was a world that the average investor knew little of, Patterson wrote the book to shed light on the strategies, players, and related risks of such trading strategies.[7] SynopsisThe introduction to The Quants describes the real-life, annual, high-stakes poker match between Wall Street's hedge fund managers, comparing their trading styles to their poker strategies.[8] It focuses on, among other things, the 2007 subprime mortgage crisis and how it helped trigger a sudden and massive unwind of complex, highly leveraged quantitative strategies. The book also delves into critical short-comings of many quantitative strategies, such as their tendency to lead to crowded trades and their underestimation of the likelihood of chaotic, volatile moves in the markets.[9] The book also delves into the background of the various vanguards of quantitative analysis. It tells the history of Beat the Market & Beat the Dealer author Ed Thorp; Peter Muller from Morgan Stanley's hedge fund; Ken Griffin from Chicago's Citadel LLC; James Simons from Renaissance Technologies; Clifford S. Asness and Aaron Brown from AQR Capital Management; and Boaz Weinstein from Deutsche Bank.[10][11] ReceptionThe Quants debuted on The New York Times bestseller list.[1] Jon Stewart featured Patterson as a guest on The Daily Show and described the book as "unbelievable."[4] Patterson was a guest on NPR, and Ed Thorp, one of the book's main characters, joined Patterson for a live interview.[10] The New York Times profiled the book, calling it "fascinating and deeply disturbing."[2] The Quants received additional profiles in Bloomberg, BusinessWeek, Scientific American, Financial Times, and Minyanville.[2][3][4][7][8][9][10][11][11]See also
References1. ^1 {{cite web|title=Hardcover Business Best Sellers|url=https://www.nytimes.com/2010/03/07/books/bestseller/besthardbusiness.html|publisher=New York Times|date=March 5, 2010}} 2. ^1 2 {{cite web|last=Hurt III|first=Harry|title=In Practice, Stock Formulas Weren’t Perfect|url=https://www.nytimes.com/2010/02/21/business/21shelf.html|publisher=New York Times|date=February 20, 2010}} 3. ^1 {{cite web|last=Pressley|first=James|title=How Quants Made a Killing—and Made a Mess|url=http://www.businessweek.com/magazine/content/10_09/b4168070829612.htm?campaign_id=rss_null|publisher=BusinessWeek|date=February 18, 2010}} 4. ^1 2 {{cite web|last=Stewart|first=Jon|title=Scott Patterson|url=http://www.thedailyshow.com/watch/thu-march-4-2010/scott-patterson|publisher=The Daily Show|date=March 4, 2010}} 5. ^{{cite web|last=Cendrowski|first=Scott|title=Reasons to fear Wall Street's high-tech traders|url=http://features.blogs.fortune.cnn.com/2012/06/22/dark-pools-scott-patterson/|publisher=CNN Money|date=June 22, 2012|deadurl=yes|archiveurl=https://web.archive.org/web/20120625010314/http://features.blogs.fortune.cnn.com/2012/06/22/dark-pools-scott-patterson/|archivedate=June 25, 2012|df=}} 6. ^{{cite web|title=High Speed Threats to Global Financial Systems|url=http://video.cnbc.com/gallery/?video=3000095861&play=1|publisher=CNBC}} 7. ^1 2 3 {{cite web|last=Collins|first=Greg|title=The Quants: Q&A With Scott Patterson|url=http://www.minyanville.com/businessmarkets/articles/quants-scott-patterson-fat-tails-todd/4/13/2010/id/27748|publisher=Minyanville|date=April 13, 2010}} 8. ^1 {{cite web|last=Patterson|first=Scott|title=How Math Whizzes Helped Sink the Economy]|url=http://www.scientificamerican.com/article.cfm?id=quants-book|publisher=Scientific American|date=September 22, 2011}} 9. ^1 {{cite web|last=Sender|first=Henny|title=Wall St maths geniuses whose models did not add up|url=http://www.ft.com/intl/cms/s/0/d0fbfad4-16ad-11df-aa09-00144feab49a.html#axzz223gU2rnb|publisher=Financial Times|date=February 11, 2010}} 10. ^1 2 {{cite web|title='The Quants': It Pays To Know Your Wall Street Math|url=https://www.npr.org/templates/story/story.php?storyId=123209339|publisher=NPR|date=February 1, 2010}} 11. ^1 2 {{cite web|last=Pressley|first=James|title=Citadel’s Griffin Skirts Disaster, Taleb Fumes: Books (Update1)|url=https://www.bloomberg.com/apps/news?pid=newsarchive&sid=aH4r5gwyu_OE|publisher=Bloomberg L.P.|date=February 10, 2010}} External links
5 : Books about traders|2010 non-fiction books|Business books|Finance books|Debut books |
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