- How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It
- Sprecher: Mike Chamberlain
- Spieldauer: 14 Std. und 10 Min.
- Ungekürztes Hörbuch
- Erscheinungsdatum: 02.02.2010
- Sprache: Englisch
- Anbieter: Random House Audio
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 Âbillions 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.
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Von Marc Dierckx Am hilfreichsten 11.06.2015
Animal instincs amongst mathematicians
The story on how gamblers cannot stop to continue to gamble after a streak of luck. The luck was their different mathematical view on the action on the stock market. Their unraveling was the fact that their view was not at all unique when more mathematical knowledge turned their eyes on the subject so that they had to journey into uncharted territory and ran into an abyss.
Good storytelling, however the focus on the "heroism" and "superintelligence" of the players involved is exagerated. The outcome of the story proofs that after all they were just human being like everybody of us. Maybe a bit more with less moral values. But if so, they would claim : "wir haben es nicht gewusst".