This tour of the insides of a quant fund is well-structured, with an almost mathematical style. Terms are well defined. There is no fake razzle-dazzle, which I appreciate. It uses examples well, to show what the parts do (alpha, risk, transaction costs, and execution modules, and various tasks such as research and testing models), and how they have worked and failed in particular instances. It is not a book of specific "tips" or "strategies" to pursue going forward, for the manager or investor. It is introductory; obviously, there are further details and more specific tools and implementations one would need to learn to bolt together a state-of-the-art quant fund. After this, I could intelligently question a fund manager about most any aspects of the operations. The narrator's voice fits the material ideally. I will definitely listen through this one again.
This is one of my favorite audiobooks ever (and I've listened to hundreds). I took financial and managerial accounting classes a few years ago. This worked as a refresher and went beyond that into solid, basic finance topics, very effectively. The information is useful to me for personal finance decisions as well (such as, using discounted value of future cash flows in decision support). Rarely have I found so much useful information so well and so compactly delivered. I will listen to it many times. I hope for more content form this author.
This is great value all the way through. With some limited accounting background, I am able to follow it on my walks without reference to the downloaded charts and graphs, though these are clear and helpful. And this is a walk all around the hidden soft spots in company financials. These metrics are easy to calculate and straightforward to apply. And plenty of the statements are hedged (in a good way) to help from oversimplifying things. Little capsule company histories side-by-side with where the numbers went, help to back up these useful tools. I plan to listen again to internalize all of it.