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Customer Reviews
Editorial Reviews Review
Praise for Nerds On Wall Street "Leinweber leads his readers through a largely unexplored forest,turning over ordinary-looking rocks to reveal hidden colonies ofpeculiar creatures that feed on moldering mounds of numbers teemingwith trailing zeroes. His book is absorbing, instructive, and very,very funny."
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David Shaw, Founder, D. E. Shaw & Co.
"David Leinweber has been a pioneer in developing and applying advancedtechnologies in the capital markets. This book is a virtual tour deforce survey of many of the key innovations over the past two decades,with key insights for the future. It is a highly engaging, insightful,and entertaining book for all investors who want to understand theincreasingly important role of technology in the financial markets."
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Blake Grossman, CEO, Barclays Global Investors
"Leinweber isn't half as crazy as people said! He foresaw the profoundchange that wired technology would bring to markets (robots tradingmillions of shares in six milliseconds). Now he nails the StupidFinancial Engineering Tricks that dumped the markets, and offers hispatented, sound insights on how the nerds will help bring us back."
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Jane Bryant Quinn, Financial columnist,
Bloomberg.com and
Newsweek
"Through the lenses of finance 'nerds,' Dave Leinweber recounts thequantitative and technological revolution in equity trading. The bookis humorously written but it is serious and insightful. It makes animportant contribution to our understanding of financial innovation andthe evolution of the capital markets."
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Andre F. Perold, George Gund Professor of Finance and Banking, Harvard Business School
"Finally, a book that rightly honors the pocket-protected, RPN-loving,object-oriented, C-compatible, self-similar Wall Street quant! This isa delightfully entertaining romp across the trading floors and throughthe research departments of major financial institutions, told by oneof the early architects of automated trading and a self-made nerd."
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Andrew W. Lo, Professor of Finance, MIT Sloan School of Management
"David Leinweber is one of the great financial innovators of our time.David possesses a unique combination of expertise in the fields ofmoney management, artificial intelligence, and computer science."
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Blair Hull, Founder, Hull Trading & Matlock Trading
"An important, accessible, and humorous guide to today's electronicmarkets. Like Capital Ideas mixed with Being Digital, as told by SteveMartin."
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Frank Fabozzi, Yale School of Management, Editor,
Journal of Portfolio Management
"Slicing and dicing data to predict the future can get dicey. The SuperBowl market indicator holds that stocks will do well after a team fromthe old National Football League wins the Super Bowl. . . The "Sell inMay and go away" rule advises investors to get out of the market afterApril and get back in after October. . . hundreds -- of Web sites hawk"proprietary trading tools" and analytical "models" . . . There is noend to such rules. But there isn't much sense to most of them either.An entertaining new book, "Nerds on Wall Street," by the veteranquantitative money manager David Leinweber, dissects the shoddythinking that underlies most of these techniques."
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Jason Zweig, The Wall Street Journal
"One of the best reads that I have picked up in some time. Itstimulated me about things in the market that I didn't know.... Awonderful book"
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Vince Rowe Radium, Biz Radio
"Where technology will take investing and trading in the future isanyone's guess. Yet, David J. Leinweber in his newly published book,"Nerds on Wall Street: Math, Machines and Wired Markets," provides aglimpse of the direction. In his lively — alternately raucous andreverent, deriding and respectful — Mr. Leinweber recounts the historyof how technology has transformed investing and trading through thepeople that developed ideas and pioneered applications, most famouslyin indexing, optimization and quantitative investing. . . The bookmakes one of the best reads of the summer — suitable for the beach aswell as for a serious reader in suit and tie at the office."
—Pensions & Investments
“Explains complex financial instruments in relatively simple terms, andthe same goes for complex trading techniques. . . The average readerwill learn a lot here. I recommend the book to those that want to diginto how the equity markets became more computerized.
— Seeking Alpha