Say something about yourself!
If you read Michael Lewis' "Flash Boys" you were introduced to the high frequency trading world. But that book left out a lot of the details and covered none of the history. This book will explain how the current, computer driven stock market came from and fill in the details on how it works. Fascinating and dangerous.
Very informative book and definitely a book you have to listen 2 more than once. I just wanted him to discuss the different types of orders and how are they looked that in the process. I feel like he touched on the subject but I would have like more info on routing and order types.
Lover of all great nonfiction books
This didn't really seem to have an ending. It just sort of stopped. The author was overly fond of some phrases - he would use the same phrasing again and again throughout the book, giving it a repetitive feel. I did learn a lot and the author managed to make a very dense, complicated subject understandable, hence the rating I did give.
It was worth listening to once, but never again.
required reading for stock market professionals - illuminating perspective and insights on a quiet and misunderstood revolution in the underlying framework of how stock markets behave and work
The author didn't correctly depict the charges and arrest of the programmer from Goldman Sachs, as I listened I made the assumption he doesn't know what he is talking about. He also made a reference to a" Lamborghini Testerossa" last I checked those cars are made by Ferrari.
The narrator was Good.
The description of the details and intent of the Goldman programmer that was arrested.
Very compelling inside look.
Terrific book, but there are parts that are incorrect/missing information. i.e. the part where they spoke about the rogue GS programmer who stole proprietary computer code.. The court system and other programmers alike concluded the code was no more than useless free source code, and the story was embellished a lot.
Patterson makes the reader feel that they are on a behind the scenes tour of Wall Street. Unfortunately, it is more fiction than fact.
No, after completing this book and then going back reading the reviews for "The Quants" it is clear that Patterson relies on hyperbole instead of research.
Byron Wagner put an exclamation point at the end of every sentence, as if every paragraph was detailing a scandal on the order of Watergate. If you listen to more than ten minutes of this, it sounds downright silly, particularly as Patterson waffles between inconsistent conclusions.
I would have sent the book back for further research.
The story of Josh Levine and the rise of Island is mostly true, however the rest of the book is speculative and misguided.
If you've been following stock market news in the 21st century then you're well aware of the massive swings that have been happening. After listening to this book you'll be well aware that an individual stock investor is gonna get creamed. Written much like the Big Short, Patterson chronicles a handful of quant characters through their careers. Some technical street and computer jargon but not enough to turn me off. Even though people have life vests, flippers, oxygen masks, etc. they're not getting back in for a reason...maybe not even with a bigger boat.