Was it the quants who failed to imagine how big price distortions could get across all markets when liquidity evaporates? |
I like quants, but they often narrow their focus to only numbers, when more insight is needed from other methods. |
They actually put together financial products based on the models developed by the quants, and Gaul was one of them. |
Well-paid quants build their massive multi-variable models and Monte Carlo simulators only to have them riddled with a thousand random bullet holes from the real world. |
The book is aimed at quants or those wishing to enter the field, and those interested in Wall Street. |
As one of Wall Street's leading quants, Derman did throw off some intense gamma radiation. |