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From the PublisherPraise for Nerds On Wall Street
"Leinweber leads his readers through a largely unexploredforest, turning over ordinary-looking rocks to reveal hiddencolonies of peculiar creatures that feed on moldering mounds ofnumbers teeming with trailing zeroes. His book is absorbing,instructive, and very, very funny."
–David Shaw, Founder, D. E. Shaw & Co.
"David Leinweber has been a pioneer in developing and applyingadvanced technologies in the capital markets. This book is avirtual tour de force survey of many of the key innovations overthe past two decades, with key insights for the future. It is ahighly engaging, insightful, and entertaining book for allinvestors who want to understand the increasingly important role oftechnology in the financial markets."
–Blake Grossman, CEO, Barclays Global Investors
"Leinweber isn't half as crazy as people said! He foresaw theprofound change that wired technology would bring to markets(robots trading millions of shares in six milliseconds). Now henails the Stupid Financial Engineering Tricks that dumped themarkets, and offers his patented, sound insights on how the nerdswill help bring us back."
–Jane Bryant Quinn, Financial columnist,Bloomberg.com and Newsweek
"Through the lenses of finance 'nerds,' Dave Leinweber recountsthe quantitative and technological revolution in equity trading.The book is humorously written but it is serious and insightful. Itmakes an important contribution to our understanding of financialinnovation and the evolution of the capital markets."
–Andre F. Perold, George Gund Professor of Finance andBanking, Harvard Business School
"Finally, a book that rightly honors the pocket-protected,RPN-loving, object-oriented, C-compatible, self-similar Wall Streetquant! This is a delightfully entertaining romp across the tradingfloors and through the research departments of major financialinstitutions, told by one of the early architects of automatedtrading and a self-made nerd."
–Andrew W. Lo, Professor of Finance, MIT Sloan Schoolof Management
"David Leinweber is one of the great financial innovators of ourtime. David possesses a unique combination of expertise in thefields of money management, artificial intelligence, and computerscience."
–Blair Hull, Founder, Hull Trading & MatlockTrading
"An important, accessible, and humorous guide to today'selectronic markets. Like Capital Ideas mixed with Being Digital, astold by Steve Martin."
–Frank Fabozzi, Yale School of Management, Editor,Journal of Portfolio Management
"Slicing and dicing data to predict the future can get dicey.The Super Bowl market indicator holds that stocks will do wellafter a team from the old National Football League wins the SuperBowl. . . The "Sell in May and go away" rule advises investors toget out of the market after April and get back in after October. .. hundreds — of Web sites hawk "proprietary trading tools" andanalytical "models" . . . There is no end to such rules. But thereisn't much sense to most of them either. An entertaining new book,"Nerds on Wall Street," by the veteran quantitative money managerDavid Leinweber, dissects the shoddy thinking that underlies mostof these techniques."
— 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"
—Vince Rowe Radium, Biz Radio
"Where technology will take investing and trading in the futureis anyone's guess. Yet, David J. Leinweber in his newly publishedbook, "Nerds on Wall Street: Math, Machines and Wired Markets,"provides a glimpse of the direction. In his lively —alternately raucous and reverent, deriding and respectful —Mr. Leinweber recounts the history of how technology hastransformed investing and trading through the people that developedideas and pioneered applications, most famously in indexing,optimization and quantitative investing. . . The book makes one ofthe best reads of the summer — suitable for the beach as wellas for a serious reader in suit and tie at the office."
—Pensions & Investments
“Explains complex financial instruments in relativelysimple terms, and the same goes for complex trading techniques. . .The average reader will learn a lot here. I recommend the book tothose that want to dig into how the equity markets became morecomputerized.
— Seeking Alpha