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The wrong answer faster : the inside story of making the machine that trades trillions

Author: Michael Goodkin
Publisher: Hoboken, N.J. : John Wiley & Sons, ©2012.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Database:WorldCat
Summary:
"The fascinating story behind the machines that trade trillions of dollars every day. In 1968, Michael Goodkin is about to graduate from Columbia University. While his classmates interview for jobs, he daydreams of seeing the world as a man of independent means. Noticing that there are no computers on Wall Street and drawing on his experiences as a failed teenage investor and successful gambler, he has an epiphany:  Read more...
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Genre/Form: Electronic books
Biography
Additional Physical Format: Print version:
Goodkin, Michael.
Wrong answer faster.
Hoboken, N.J. : John Wiley & Sons, ©2012
(DLC) 2011044319
(OCoLC)746837440
Named Person: Michael Goodkin; Michael Goodkin; Michael Goodkin
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Michael Goodkin
ISBN: 9781118225103 1118225104 9781118238578 1118238575 1283446278 9781283446273
OCLC Number: 774271892
Notes: Includes index.
Description: 1 online resource (x, 326 pages) : illustrations
Contents: Chapter 1. High School Hustler. Older Doesn't Mean Smarter, and Bigger Doesn't Mean Better --
My First Bank Account --
Working in the "Off-Season" --
The Bill Collector --
Sundays on Maxwell Street --
Birth of a Banker --
Graduation Day --
Chapter 2. The Late Bloomer. Harvard on the Rocks --
Home for the Holidays --
The Rat Practical --
Developing a New Perspective --
Politics is Politics --
Moving to the Downstate Campus --
Leaving on a Jet Plane --
Chapter 3. Leading a Double Life. In the Mayor's Office --
The Best of the Worst --
Preparing for the Worst --
Becoming a New Yorker --
Chapter 4. A Big Idea. Still Daydreaming after All These Years --
The Wrong Answer Faster --
Mispriced Merchandise --
Chapter 5. Chasing Venture Capital. Shelly Likes the Horse --
The Problem Is with the Jockey --
Shelly Takes a Flyer --
The Guy without the Money --
Negotiating My Terms --
Chapter 6. Banking the Venture Capital. A Phone with a View --
Recruiting Shelton --
Meeting an Investor --
Quitting Time --
Hiring Lawyers and Accountants --
Money by a Nose --
Miles to Go --
Chapter 7. Stepping Out in the World --
Recruiting the Brain Trust --
I Can't Even Give It Away --
Worth More Dead Than Alive --
Chapter 8. Making the Impossible. One Door Closes and Another Door Opens --
Turning Luck into Craft --
Changing Jockeys in Midstream --
Conducting a Symphony Orchestra --
Person to Person Call for Dr. Shelton --
Turning on the Lights --
Targeting the Wrong Market --
Chapter 9. If I Were a Rich Man. Rich People Play Backgammon --
Entering a Parallel Universe --
Stretching Rubber Bands --
The King and I --
Looking in All the Wrong Places --
Fishing in Seattle --
The Best Execution in the Business --
Chapter 10. Too Good to be True. Snagging an Invitation to London --
An American Capitalist in Sir Sigmund's Court --
The Swiss Connection --
Closing the Deal --
Creating a Competitive Bid --
Graduation Ceremony --
The Year of Transition --
Chapter 11. Breaking Away --
Backgammon and Business --
Not the Man I Used to Be --
Chapter 12. Does God Play With Loaded Dice? Back to the Futures --
Accessing the World of Master Physicists --
Examining the Dice --
Chapter 13. Making Physics into a Business --
Home Alone --
Seed Money --
The Russians Are Coming, the Russians Are Coming --
A Made Man --
If You Build It They Will Come --
Running on Empty --
Entering the Big Leagues --
Everything is Connected --
Time to Get out of the Way --
Epilogue.
Responsibility: Michael Goodkin.

Abstract:

The fascinating story behind the machines that trade trillions of dollars every day "A Bildungsroman , one jacket blurb calls this book-and sure, it's a traditional coming-of-age tale. But the  Read more...

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"A fascinating book that chronicles the life of this man who had the foresight to understand the potential of harnessing the power of the computer and who has thereby revolutionised the trading basis Read more...

 
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