“The Quants: How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It”

Scott Patterson

This is the interesting story of how math replaced common sense on Wall Street. Quantitive analysts – the “quants” of the title – and their models made a lot of money but, as smart as they were, they weren’t able to recognize when the models and reality had drifted out of sync. The book is more anecdotal than analytical, so it’s hard to draw any general conclusions other than “pride goes before the fall”’