The Quants will be published on Feb. 2 by Crown Business. The book, told through the eyes of several leaders in quantitative finance, is a deep-dive look at the history of this field as well as the destruction it wrought during the last few years.
My hope for this site is that it becomes a forum for thoughts about the role of quantitative finance in the markets, its risks and how it can be improved. I am by no means against quantitative finance in general. That would be futile, if not just plain stupid…like being against the air. Quants are a vital cog in today’s financial markets and have many extraordinary qualities. Yet their track record, sadly, is littered with wreckage.