Summary of Scott Patterson's The Quants - E-book - ePub

Please note: This is a companion version & not the original book. Sample Book Insights: #1 The Wall Street Poker Night Tournament was held on March 8, 2006. More than a hundred well-heeled players attended the event, including elite traders and buttoned-down dealmakers. The small, private affair was a gathering of a select group of wealthy and brilliant individuals. #2 By the early 2000s, quants had come to dominate Wall Street, using brain-twisting math to pluck billions in fleeting dollars out of the market.
They couldn't care less about a company's fundamentals. #3 The quants ran a private poker game, but traditional investment titans joined in. Carl Icahn, the billionaire financier who'd gotten his start on Wall Street with $4, 000 in poker winnings, was a regular. #4 The players got down to business. A melodic chime summoned stragglers into the main room, where vested dealers waited behind scattered rows of card tables.
The game was Texas Hold'em. The action was cordial on the surface, but cutthroat between the lines.