8 Must-Read for Quants and Finance Professionals
Today, January 23rd is National Reading Day!
As we get familiar with our co-workers’ bookshelves in their zoom backgrounds in 2020, we couldn’t help but ask them about their favorite reads in quantitative finance. To celebrate National Reading Day, we decide to share this list with the world.
Whether you want to better understand the history of the industry or just to keep up with that new year resolution to read more, here are 8 must-reads for quants and finance professionals, recommended by team QB. We hope you enjoy reading them as much as we did!
The Man Who Solved the Market: How Jim Simons Launched the Quant Revolution by Gregory Zuckerman
For math lovers, here’s a captivating story of Jim Simons, the mathematician who pioneered algorithmic trading in modern financial history. Recommended by Financial Times as “one of the most important stories of our time.”The Quants: How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It by Scott Patterson
For those who want to learn about the history of quant finance - The Quants: How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It by Scott Patterson is a gripping story about the rise of quantitative trading. What’s interesting is how the book highlights the connection between the quants and the 2008 financial crisis, and how much we can still learn from it to this day.
You will enjoy this book as much as you enjoy Investopedia! This book covers everything you need to know about the financial industry, from operations, business models to science and technology. Its absorbable, high-level, informative discussions make it a must for those who seek to get a foot in the door to the financial world.
Machine Learning: An Applied Mathematics Introduction by Paul Wilmott
The book is widely praised by the reviewers for its practical examples, straightforward writing style, and *relatively* lighter prerequisite coding knowledge.
Handbook of Quantitative Finance and Risk Management by Cheng-Few Lee, John Lee
Our Head of Research Shankar’s favorite. “From "arbitrage" to "yield spreads," the Handbook of Quantitative Finance and Risk Management will serve as an essential resource for academics, educators, students, policymakers, and practitioners.”
My Life as a Quant: Reflections on Physics and Finance by Emanuel Derman
Recommended by Reza Gholizadeh from QB's Research. “In My Life as a Quant, Emanuel Derman relives his exciting journey as one of the first high-energy particle physicists to migrate to Wall Street. Page by page, Derman details his adventures in this field―analyzing the incompatible personas of traders and quants, and discussing the dissimilar nature of knowledge in physics and finance.”
Quantitative Trading: How to Build Your Own Algorithmic Trading Business by Dr. Ernest Chan
Another quant book recommended by Reza Gholizadeh. "Dr. Ernest Chan provides an optimal framework for strategy development, back-testing, risk management, programming knowledge, and real-time system implementation to develop and run an algorithmic trading business step by step in Quantitative Trading." ―Yaser Anwar, Trader
Confusion de Confusiones by Josef de la Vega, 1688
Recommended by Rob Almgren, QB’s Chief Scientist & Co-founder, “A really great book that is not recent but that very few people seem to have heard of is Confusion de Confusiones by Josef de la Vega, 1688. It is amazing how little this business has changed.”
We hope you’ll enjoy our favorite books. Let us know what are your favorite books about quantitative trading and finance, happy reading!
Quantitative Brokers
January 23, 2021
New York, NY