Investing Group: The Quants

For the second season of the Investing Discussion Group, we are exploring the bestselling books that can help you reach your financial goals faster.
The book for April is The Quants by bestselling author and Wall Street Journal staff reporter Scott Patterson.
The threat of computers replacing humans is getting a lot of airtime, but some would argue that phenomenon already happened on Wall Street. The Quants is a true story of the world’s most powerful money managers attempting to build the best computer algorithms to win the investing game. Forget fundamentals, quants buy and sell assets using formulas and high-speed trading, and MBAs can’t join their ranks; only math or science PHDs need apply.