The Alchemist of Wallstreet

[321AU]

Quants are the math wizards and computer programmers in the engine room of our global financial system who designed the financial products that almost crashed Wall st. The credit crunch has shown how the global financial system has become increasingly dependent on mathematical models trying to quantify human (economic) behaviour. Now the quants are at the heart of yet another technological revolution in finance: trading at the speed of light.

What are the risks of treating the economy and its markets as a complex machine? Will we be able to keep control of this model-based financial system, or have we created a monster?

A story about greed, fear and randomness from the insides of Wall Street.

http://www.youtube.com/watch?v=ed2FWNWwE3I

[SlumDog]

sensational!

[Goldfarmer]

thank-you for this link to youtube... never would have stubbled over this one on my own. Sad how some computer nerds could have the powers of gods to ruin people and companies (perfectly - good and healthy people and companies) with a math forumla gone bezerk!
More power to those that invest in hard currencies!!!

[Goldhedge]

The credit crunch has shown how the global financial system has become increasingly dependent on mathematical models trying to quantify human (economic) behaviour.

That's a FAIL...! Economic?

It's really 'emotional' behavior and as every man who's ever known a woman
can attest to, there's no making logical sense out of it.

Attempting such is akin to using a mathematical formula to explain the female mystique.