{"id":2851,"date":"2011-01-23T21:03:16","date_gmt":"2011-01-24T05:03:16","guid":{"rendered":"tag:google.com,2005:reader\/item\/7adb474e77d9dc12"},"modified":"2011-01-23T21:03:16","modified_gmt":"2011-01-24T05:03:16","slug":"book-review-the-quants-how-math-geeks-helped-create-the-great-recession-huntington-news","status":"publish","type":"post","link":"https:\/\/www.blackswanreport.com\/blog\/2011\/01\/book-review-the-quants-how-math-geeks-helped-create-the-great-recession-huntington-news\/","title":{"rendered":"BOOK REVIEW: &#039;The Quants&#039;: How Math Geeks Helped Create the Great Recession | Huntington News"},"content":{"rendered":"<p>Drawing on unprecedented access to  these four number-crunching titans,\u00a0<em>Wall Street Journal<\/em> reporter Patterson<em> <\/em>tells  the inside story of what they thought and felt in the days and weeks  when they helplessly watched much of their net worth vaporize \u2013 and  wondered just how their mind-bending formulas and genius-level IQ\u2019s had  led them so wrong, so fast. \u00a0Had their years of success been dumb luck,  fool\u2019s gold, a good run that could come to an end on any given day?  \u00a0What if The Truth they sought \u2014 the secret of the markets \u2014 wasn\u2019t  knowable? Worse, what if there wasn\u2019t any Truth?<\/p>\n<p>\n Patterson  tells the story not just of these men, but of Jim Simons, the reclusive  founder of the most successful hedge fund in history; Aaron Brown, the  quant who used his math skills to humiliate Wall Street\u2019s old guard at  their trademark game of Liar\u2019s Poker, and years later found himself with  a front-row seat to the rapid emergence of mortgage-backed securities;  and gadflies and dissenters such as Paul Wilmott, Nassim Taleb, and  Benoit Mandelbrot. \u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Drawing on unprecedented access to  these four number-crunching titans,\u00a0Wall Street Journal reporter Patterson tells  the inside story of what they thought and felt in the days and weeks  when they helplessly watched much of their net worth vaporize <\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-2851","post","type-post","status-publish","format-standard","hentry","category-feeds"],"_links":{"self":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/2851","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/comments?post=2851"}],"version-history":[{"count":0,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/2851\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/media?parent=2851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/categories?post=2851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/tags?post=2851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}