This post is in continuation with my Book Review series (see here)
The book “The Quants” by Scott Patterson chronicles the rise of quants on Wall Street.
I especially liked the section on Ed Thorp.Ed Thorp found a way to price options way before Black Scholes did. But he kept his mouth shut and used his techniques to make money in the markets !
The author discusses in detail some of the great quant funds-Citadel,AQR Capital,LTCM etc
Some of the anecdotes in the book are simply great…there is one of how quants put an end to the legendary Liar’s Poker game in the trading halls of Solomon
Would recommend this book for those readers who want to know more of the quantitative side of trading.