The Oath Of Hedge Fund Quants: "I Will Remember That I Didn't Make The World And It Doesn't Satisfy My Equations"

Scott Patterson

Photo: screen grab

Jon Stewart had Scott Patterson, the author of the book, The Quants, on his show last night.Put very generally, “the quants” are traders that create algorithms to trade based on historic patterns. A lot of the time they trade in high frequencies, making many, many trades per second.

In many ways, in the past decade, they’ve taken over Wall Street.

In any case, they are pretty important.

A good example of how well they know this, is that have a “Hippocratic oath” to keep their egos in check:

“I will remember that I didn’t make the world and it doesn’t satisfy my equations.”

Jon Stewart gets a kick out of that. Watch the video:

The Daily Show With Jon Stewart Mon – Thurs 11p / 10c Scott Patterson

Daily Show
Full Episodes
Political humour Health Care Reform

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at