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How I Became a Quant: Insights from 25 of Wall Street's Elite

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The "quants"——Wall Street's disciples of quantitative analysis——have become the mar-ket's new superstars. Their mathematical models are now the basis for such financial market innovations as exotic derivatives, structured investment products, quantitative trading strategies, and portfolio selection.

What brought about this path-breaking investment revolution? Some cite the beginning of trading in exchange-listed equity options in 1973, while others credit the arrival of desktop computin…