{"product_id":"how-i-became-a-quant-isbn-9780470452578","title":"How I Became a Quant","description":"Praise for How I Became a Quant\u003cbr\u003e \u003cbr\u003e \"Led by two top-notch quants, Richard R. Lindsey and Barry Schachter, How I Became a Quant details the quirky world of quantitative analysis through stories told by some of today's most successful quants. For anyone who might have thought otherwise, there are engaging personalities behind all that number crunching!\"\u003cbr\u003e --Ira Kawaller, Kawaller \u0026amp; Co. and the Kawaller Fund\u003cbr\u003e \u003cbr\u003e \"A fun and fascinating read. This book tells the story of how academics, physicists, mathematicians, and other scientists became professional investors managing billions.\"\u003cbr\u003e --David A. Krell, President and CEO, International Securities Exchange\u003cbr\u003e \u003cbr\u003e \"How I Became a Quant should be must reading for all students with a quantitative aptitude. It provides fascinating examples of the dynamic career opportunities potentially open to anyone with the skills and passion for quantitative analysis.\"\u003cbr\u003e --Roy D. Henriksson, Chief Investment Officer, Advanced Portfolio Management\u003cbr\u003e \u003cbr\u003e \"Quants\"--those who design and implement mathematical models for the pricing of derivatives, assessment of risk, or prediction of market movements--are the backbone of today's investment industry. As the greater volatility of current financial markets has driven investors to seek shelter from increasing uncertainty, the quant revolution has given people the opportunity to avoid unwanted financial risk by literally trading it away, or more specifically, paying someone else to take on the unwanted risk.\u003cbr\u003e \u003cbr\u003e How I Became a Quant reveals the faces behind the quant revolution, offering you?the?chance to learn firsthand what it's like to be a?quant today. In this fascinating collection of Wall Street war stories, more than two dozen quants detail their roots, roles, and contributions, explaining what they do and how they do it, as well as outlining the sometimes unexpected paths they have followed from the halls of academia to the front lines of an investment revolution.  Acknowledgments.  \u003cp\u003e\u003cb\u003eIntroduction.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChapter 1. \u003cb\u003eDavid Leinweber\u003c\/b\u003e: \u003ci\u003ePresident, Leinweber \u0026amp; Co.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eA Series of Accidents.\u003c\/p\u003e \u003cp\u003eGrey Silver Shadow.\u003c\/p\u003e \u003cp\u003eDestroy before Reading.\u003c\/p\u003e \u003cp\u003eA Little Artificial Intelligence Goes a Long Way.\u003c\/p\u003e \u003cp\u003eHow Do You Keep the Rats from Eating the Wires.\u003c\/p\u003e \u003cp\u003eStocks Are Stories, Bonds Are Mathematics.\u003c\/p\u003e \u003cp\u003eHAL’s Broker.\u003c\/p\u003e \u003cp\u003eChapter 2. \u003cb\u003eRonald N. Kahn\u003c\/b\u003e: \u003ci\u003eGlobal Head of Advanced Equity Strategies, Barclays Global Investors.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003ePhysics to Finance.\u003c\/p\u003e \u003cp\u003eBARRA’s First Rocket Scientist.\u003c\/p\u003e \u003cp\u003eActive Portfolio Management.\u003c\/p\u003e \u003cp\u003eBarclays Global Investors.\u003c\/p\u003e \u003cp\u003eThe Future.\u003c\/p\u003e \u003cp\u003eChapter 3. \u003cb\u003eGregg E. Berman\u003c\/b\u003e: \u003ci\u003eStrategic Business Development, RiskMetrics Group\u003c\/i\u003e.\u003c\/p\u003e \u003cp\u003eA Quantitative Beginning.\u003c\/p\u003e \u003cp\u003ePutting It to the Test.\u003c\/p\u003e \u003cp\u003eA Martian Summer.\u003c\/p\u003e \u003cp\u003ePhysics on Trial.\u003c\/p\u003e \u003cp\u003eA Twist of Fate.\u003c\/p\u003e \u003cp\u003eA Point of Inflection.\u003c\/p\u003e \u003cp\u003eA Circuitous Route to Wall Street.\u003c\/p\u003e \u003cp\u003eThe Last Mile.\u003c\/p\u003e \u003cp\u003eChapter 4. \u003cb\u003eEvan Schulman\u003c\/b\u003e: \u003ci\u003eChairman, Upstream Technologies, LLC\u003c\/i\u003e.\u003c\/p\u003e \u003cp\u003eMeasurement.\u003c\/p\u003e \u003cp\u003eMarket Cycles.\u003c\/p\u003e \u003cp\u003eProcess.\u003c\/p\u003e \u003cp\u003eRisk.\u003c\/p\u003e \u003cp\u003eAnd Return.\u003c\/p\u003e \u003cp\u003eTrading Costs.\u003c\/p\u003e \u003cp\u003eInformationless Trades.\u003c\/p\u003e \u003cp\u003eApplying it All.\u003c\/p\u003e \u003cp\u003eElectronic Trading.\u003c\/p\u003e \u003cp\u003eLattice Trading.\u003c\/p\u003e \u003cp\u003eNet Exchange.\u003c\/p\u003e \u003cp\u003eUpstream.\u003c\/p\u003e \u003cp\u003eArticles.\u003c\/p\u003e \u003cp\u003eChapter 5\u003cb\u003e. Leslie Rahl\u003c\/b\u003e: \u003ci\u003ePresident, Capital Market Risk Advisors\u003c\/i\u003e.\u003c\/p\u003e \u003cp\u003eGrowing Up in Manhattan.\u003c\/p\u003e \u003cp\u003eCollege and Graduate School.\u003c\/p\u003e \u003cp\u003eNineteen Years at Citibank.\u003c\/p\u003e \u003cp\u003eFifteen Years (So Far!) Running Capital Market.\u003c\/p\u003e \u003cp\u003eRisk Advisors.\u003c\/p\u003e \u003cp\u003eGoing Plural.\u003c\/p\u003e \u003cp\u003eThe Personal Side.\u003c\/p\u003e \u003cp\u003eSo How Did I Become a Quant?\u003c\/p\u003e \u003cp\u003eChapter 6. \u003cb\u003eThomas C. Wilson\u003c\/b\u003e: \u003ci\u003eChief Insurance Risk Officer, ING Group\u003c\/i\u003e.\u003c\/p\u003e \u003cp\u003eQuantitative Finance: The Means to and End?\u003c\/p\u003e \u003cp\u003eThe Questions.\u003c\/p\u003e \u003cp\u003eThe Early 1990s: The Market Risk Era.\u003c\/p\u003e \u003cp\u003eThe Late 1990s: The Credit Risk Era.\u003c\/p\u003e \u003cp\u003eThe Great Strategy Debate: From the 1990s to Today.\u003c\/p\u003e \u003cp\u003eLessons Learned.\u003c\/p\u003e \u003cp\u003eChapter 7. \u003cb\u003eNeil Chriss\u003c\/b\u003e: \u003ci\u003eFormer Managing Director of Quantitative Strategies, SAC Capital Management, LLC.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eThe Glass Bead Game.\u003c\/p\u003e \u003cp\u003eOf Explorers and Mountain Climbers.\u003c\/p\u003e \u003cp\u003eComputers.\u003c\/p\u003e \u003cp\u003eCollege Years.\u003c\/p\u003e \u003cp\u003eThe University of Chicago PhD Program.\u003c\/p\u003e \u003cp\u003eAcademia.\u003c\/p\u003e \u003cp\u003eThe Harvard Mathematics Department.\u003c\/p\u003e \u003cp\u003eMoving to Wall Street.\u003c\/p\u003e \u003cp\u003eQuant Research.\u003c\/p\u003e \u003cp\u003eQuant Research and the Mathematics of Portfolio Trading.\u003c\/p\u003e \u003cp\u003eQuantitative Portfolio Management.\u003c\/p\u003e \u003cp\u003eMathematical Finance Education.\u003c\/p\u003e \u003cp\u003eFinal Thoughts.\u003c\/p\u003e \u003cp\u003eChapter 8\u003cb\u003e. Peter Carr\u003c\/b\u003e\u003ci\u003e: Head of Quantitative Financial Research, Bloomberg\u003c\/i\u003e.\u003c\/p\u003e \u003cp\u003eMy First Eureka Moment.\u003c\/p\u003e \u003cp\u003eAccounting for the Future Instead of the Past.\u003c\/p\u003e \u003cp\u003ePostdoctoral Studies.\u003c\/p\u003e \u003cp\u003eAnd in the End…\u003c\/p\u003e \u003cp\u003eChapter 9. \u003cb\u003eMark Anson\u003c\/b\u003e: \u003ci\u003eCEO, Hermes Pensions Management Ltd. CEO, British Telecommunications Pension Scheme\u003c\/i\u003e.\u003c\/p\u003e \u003cp\u003ePhD, Why Not?\u003c\/p\u003e \u003cp\u003eLegal Arbitrage.\u003c\/p\u003e \u003cp\u003eManaging the Outcome.\u003c\/p\u003e \u003cp\u003eCertain Uncertainty.\u003c\/p\u003e \u003cp\u003eChapter 10\u003cb\u003e. Bjorn Flesaker\u003c\/b\u003e: \u003ci\u003eSenior Quant, Bloomberg L.P.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eGrowing Up.\u003c\/p\u003e \u003cp\u003eChoosing Academics.\u003c\/p\u003e \u003cp\u003eHeeding the Call of the Street.\u003c\/p\u003e \u003cp\u003eBecoming a Real Quant Again.\u003c\/p\u003e \u003cp\u003eChapter 11. \u003cb\u003ePeter Jäckel\u003c\/b\u003e.\u003c\/p\u003e \u003cp\u003eThe English Connection.\u003c\/p\u003e \u003cp\u003eLondon Calling.\u003c\/p\u003e \u003cp\u003eCutting One’s Teeth.\u003c\/p\u003e \u003cp\u003eAll the Models in the World.\u003c\/p\u003e \u003cp\u003eFor Future Reference.\u003c\/p\u003e \u003cp\u003eTo the Front.\u003c\/p\u003e \u003cp\u003eChapter 12. \u003cb\u003eAndrew Davidson\u003c\/b\u003e: \u003ci\u003ePresident, Andrew Davidson \u0026amp; Co., Inc.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eConjecture 1: If It Quacks Like a Quant…\u003c\/p\u003e \u003cp\u003eLemma 1: If You Don’t Know Where You Are Going, Any Road Will Get You There.\u003c\/p\u003e \u003cp\u003eLemma 2: Pay No Attention to the Man behind the Curtain.\u003c\/p\u003e \u003cp\u003eTheorem 1: If It May Be True in Theory but It Won’t Work in Practice, Get a Better Theory.\u003c\/p\u003e \u003cp\u003eTheorem 2: To Thine Own Self Be True.\u003c\/p\u003e \u003cp\u003eChapter 13. \u003cb\u003eAndrew B. Weisman\u003c\/b\u003e: \u003ci\u003eManaging Director, Merrill Lynch\u003c\/i\u003e.\u003c\/p\u003e \u003cp\u003eEconometric Voodoo.\u003c\/p\u003e \u003cp\u003eTrading for Fun and Profit.\u003c\/p\u003e \u003cp\u003eTools of the Trade.\u003c\/p\u003e \u003cp\u003eLessons Learned.\u003c\/p\u003e \u003cp\u003eChapter 14. \u003cb\u003eClifford S. Asness\u003c\/b\u003e: \u003ci\u003eManaging and Founding Principal, AQR Capital Management, LLC\u003c\/i\u003e.\u003c\/p\u003e \u003cp\u003eChicago.\u003c\/p\u003e \u003cp\u003eA Big Decision.\u003c\/p\u003e \u003cp\u003eOn Our Own.\u003c\/p\u003e \u003cp\u003eMoonlighting.\u003c\/p\u003e \u003cp\u003eGeeks of the World Unite.\u003c\/p\u003e \u003cp\u003eChapter 15\u003cb\u003e. Stephen Kealhofer\u003c\/b\u003e: \u003ci\u003eManaging Partner, Diversified Credit Investments\u003c\/i\u003e.\u003c\/p\u003e \u003cp\u003eA Startup.\u003c\/p\u003e \u003cp\u003ePractical Defaults.\u003c\/p\u003e \u003cp\u003eThe Entrepreneur.\u003c\/p\u003e \u003cp\u003eInventing a Business.\u003c\/p\u003e \u003cp\u003ePortfolio Management of Credit Risk.\u003c\/p\u003e \u003cp\u003eA Room with a View.\u003c\/p\u003e \u003cp\u003eChapter 16. \u003cb\u003eJulian Shaw\u003c\/b\u003e\u003ci\u003e: Head Risk Management \u0026amp; Quantitative Research, Permal Group\u003c\/i\u003e.\u003c\/p\u003e \u003cp\u003eGordon  Capital.\u003c\/p\u003e \u003cp\u003eCIBC.\u003c\/p\u003e \u003cp\u003eBarclays Capital.\u003c\/p\u003e \u003cp\u003eFat Tails and Thin Peaks.\u003c\/p\u003e \u003cp\u003eAdventures in CDO Land.\u003c\/p\u003e \u003cp\u003eThe Strange Evolution of Value at Risk.\u003c\/p\u003e \u003cp\u003eA Paradox.\u003c\/p\u003e \u003cp\u003ePermal.\u003c\/p\u003e \u003cp\u003eWhat Makes a Good Quant?\u003c\/p\u003e \u003cp\u003eThe Art of Leaving Things Out.\u003c\/p\u003e \u003cp\u003eThe Art of Choosing the Right Tools.\u003c\/p\u003e \u003cp\u003eDo Quants Lack Business Sense?\u003c\/p\u003e \u003cp\u003eTips.\u003c\/p\u003e \u003cp\u003eChapter 17. \u003cb\u003eSteve Allen\u003c\/b\u003e: \u003ci\u003eDeputy Director. Masters Program in Mathematics in Finance, Courant Institute of Mathematical Sciences, New York University\u003c\/i\u003e.\u003c\/p\u003e \u003cp\u003eIn Which the Author Is Seriously Misled.\u003c\/p\u003e \u003cp\u003eIn Which a Fortuitous Opportunity Appears.\u003c\/p\u003e \u003cp\u003eIn Which Reason Prevails and all Rejoice.\u003c\/p\u003e \u003cp\u003eChapter 18. \u003cb\u003eMark Kritzman\u003c\/b\u003e: \u003ci\u003ePresident and CEO, Windham Capital Management, LLC.\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eA Brief Chronology.\u003c\/p\u003e \u003cp\u003eHow I Developed My Quant Skills.\u003c\/p\u003e \u003cp\u003eHow I Applied My Quantitative Training.\u003c\/p\u003e \u003cp\u003eThe Future for Quants.\u003c\/p\u003e \u003cp\u003eChapter 19\u003cb\u003e. Bruce I. Jacobs\u003c\/b\u003e \u003cb\u003eand Kenneth N. Levy\u003c\/b\u003e\u003ci\u003e: Principals, Jacobs Levy Equity Management\u003c\/i\u003e.\u003c\/p\u003e \u003cp\u003ePortraits of Two Investors.\u003c\/p\u003e \u003cp\u003eNew Concepts, Foggy Ideas.\u003c\/p\u003e \u003cp\u003eThe Jacobs Levy Investment Approach.\u003c\/p\u003e \u003cp\u003eBenefits of Disentangling.\u003c\/p\u003e \u003cp\u003eIntegrating the Investment Process.\u003c\/p\u003e \u003cp\u003eRelaxing Portfolio Constraints.\u003c\/p\u003e \u003cp\u003eIntegrated Long-Short Optimization.\u003c\/p\u003e \u003cp\u003eBooks and an Ethical Debate.\u003c\/p\u003e \u003cp\u003ePortfolio Optimization and Market Simulation with Shorting.\u003c\/p\u003e \u003cp\u003eChapter 20. \u003cb\u003eTanya Styblo Beder\u003c\/b\u003e: \u003ci\u003eChairman, SBCC\u003c\/i\u003e.\u003c\/p\u003e \u003cp\u003eYale.\u003c\/p\u003e \u003cp\u003eFirst Boston.\u003c\/p\u003e \u003cp\u003eGraduate School.\u003c\/p\u003e \u003cp\u003eSwaps.\u003c\/p\u003e \u003cp\u003eGiving Back.\u003c\/p\u003e \u003cp\u003eChapter 21. \u003cb\u003eAllan Malz\u003c\/b\u003e: \u003ci\u003eHead of Risk Management, Clinton Group\u003c\/i\u003e.\u003c\/p\u003e \u003cp\u003eHow Not to Get a PhD.\u003c\/p\u003e \u003cp\u003eHow Not to Get a PhD, Continued.\u003c\/p\u003e \u003cp\u003eRiskMetrics’ Salad Days.\u003c\/p\u003e \u003cp\u003eNo More Mr. Nice Guy.\u003c\/p\u003e \u003cp\u003eChapter 22. \u003cb\u003ePeter Muller\u003c\/b\u003e: \u003ci\u003eSenior Advisor, Morgan Stanley\u003c\/i\u003e.\u003c\/p\u003e \u003cp\u003eWhat’s that Smell?\u003c\/p\u003e \u003cp\u003eLife at BARRA.\u003c\/p\u003e \u003cp\u003eYou Gotta Know When to Fold ’ em.\u003c\/p\u003e \u003cp\u003eThe Call that Change Everything.\u003c\/p\u003e \u003cp\u003eChapter 23\u003cb\u003e. Andrew J. Sterge\u003c\/b\u003e: \u003ci\u003ePresident, AJ Sterge (a division of Magnetar Financial, LLC).\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003eOn to the Real World.\u003c\/p\u003e \u003cp\u003eCooper Neff.\u003c\/p\u003e \u003cp\u003eEarly Days at Cooper Neff.\u003c\/p\u003e \u003cp\u003eActive Portfolio Strategies.\u003c\/p\u003e \u003cp\u003eHow I Became a Quant.\u003c\/p\u003e \u003cp\u003eChapter 24. \u003cb\u003eJohn F. (JacK) Marshall\u003c\/b\u003e: \u003ci\u003eSenior Principal of Marshall, Tucker \u0026amp; Associates, LLC and Vice Chairman of the International Securities Exchange\u003c\/i\u003e.\u003c\/p\u003e \u003cp\u003eFrom Premed to Derivatives.\u003c\/p\u003e \u003cp\u003eFrustration with Academia and the Birth of a Profession.\u003c\/p\u003e \u003cp\u003eThe IAFE and the Road to MSFE Degrees.\u003c\/p\u003e \u003cp\u003eNotes.\u003c\/p\u003e \u003cp\u003eBibliography.\u003c\/p\u003e \u003cp\u003eAbout the Contributors.\u003c\/p\u003e \u003cp\u003eAbout the Authors.\u003c\/p\u003e \u003cp\u003eIndex.\u003c\/p\u003e  \u003cp\u003e\u003cstrong\u003eRichard R. Lindsey\u003c\/strong\u003e, PhD, MBA, is President and CEO of the Callcott Group, LLC, a quantitative consulting firm. For eight years, he was president of Bear, Stearns Securities Corporation. Dr. Lindsey is also Chairman of the International Association of Financial Engineers. Prior to joining Bear Stearns, Dr. Lindsey was the director of market regulation for the U.S. Securities and Exchange Commission. Before joining the SEC, he was a finance professor at Yale University in the School of Management. Dr. Lindsey has done extensive work in the areas of market micro-structure (the design and regulation of securities markets) and the pricing of derivative securities. \u003c\/p\u003e\u003cp\u003e\u003cstrong\u003eBarry Schachter\u003c\/strong\u003e, PhD, is Director of Quantitative Resources at Moore Capital Management. He is on the advisory board of the International Association of Financial Engineers and is cochair of its Education Committee. Schachter spent the early part of his career in academia, most of that time on the faculties at Simon Fraser University and Tulane University. He also founded and maintains GloriaMundi.org, a Web site for risk managers, and BelRanto.typepad.com, a Web log on risk and hedge funds.   \u003c\/p\u003e\u003cp\u003e\u003ci\u003ePraise for\u003c\/i\u003e \u003cb\u003eHow I Became a QUANT\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\"Led by two top-notch quants, Richard R. Lindsey and Barry Schachter, \u003ci\u003eHow I Became a Quant\u003c\/i\u003e details the quirky world of quantitative analysis through stories told by some of today's most successful quants. For anyone who might have thought otherwise, there are engaging personalities behind all that number crunching!\" \u003cb\u003e—Ira Kawaller, Kawaller \u0026amp; Co. and the Kawaller Fund\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\"A fun and fascinating read. This book tells the story of how academics, physicists, mathematicians, and other scientists became professional investors managing billions.\" \u003cb\u003e—David A. Krell, President and CEO, International Securities Exchange\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003ci\u003e\"How I Became a Quant\u003c\/i\u003e should be must reading for all students with a quantitative aptitude. It provides fascinating examples of the dynamic career opportunities potentially open to anyone with the skills and passion for quantitative analysis.\" \u003cb\u003e—Roy D. Henriksson, Chief Investment Officer, Advanced Portfolio Management\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003cb\u003e\u003ci\u003e\"Quants\"\u003c\/i\u003e\u003c\/b\u003e—those who design and implement mathematical models for the pricing of derivatives, assessment of risk, or prediction of market movements—face the unprec- edented challenge of navigating some of the most volatile markets we have ever seen. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eHow I Became a Quant\u003c\/i\u003e reveals the individuals behind this revolution, offering you the chance to learn firsthand what it's like to be a quant today. In this fascinating collection of Wall Street war stories, more than two dozen quants detail their roots, roles, and contributions, explaining what they do and how they do it, as well as outlining the sometimes unexpected paths they have followed from the halls of academia to the front lines of an investment revolution.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989374648549,"sku":"NP9780470452578","price":27.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470452578.jpg?v=1761783865","url":"https:\/\/k12savings.com\/es\/products\/how-i-became-a-quant-isbn-9780470452578","provider":"K12savings","version":"1.0","type":"link"}