This novel looks at the quantitative methods used to build some of the largest funds on the financial markets, and the managers that ran them, through the 1990s and early 2000s. The nature of these funds and their enigmatic leaders will make this an interesting read for people who follow Wall Street culture. For those who don’t, way less captivating. This book also touches lightly on theories behind the quant funds and, in true Wall Street novel fashion, is written like a thriller. But unless you find CODs, the Gaussian copula, and statistical arbitrage riveting, the word “thrilling” might be a stretch.
The size of the collapse and way that the system imploded on itself really is fascinating, and for that reason alone the book is worth taking a look at.
Rating: worth reading / meh