The Quants

God created whiskey so the Irish wouldnt take over the world. He also created the Quants so they actually would. The Quants- How A New Breed of Math Whizzes conquered Wall Street and nearly destroyed it- Scott Patterson. Another well written book about these rocket scientists that were picked from the best of the best of all academic and financial backrounds. Actually the godfather Ed Thorp was a math professor in the 50s. He was able to create and bring sophisticated quant formulas to Las Vegas to make alot of money in Blackjack. If you can make it in Vegas then why not conquer Wall Street?  "Beware of Geeks bearing formulas" Warren Buffet warned (page 295) His partner Charlie Munger stated "they are usually doing the devils work" I tried options in the late 90s but I got destroyed. It was a horrible feeling however I had absolutely no idea what I was doing. If the meek should inherit the earth then the Quants will make tons of cash with thier sophisticated algorithms and esoteric formulas. I dont know if they are still doing leverage like they did leading up to the financial implosion in 2008 but that was some serious gambling tactics. Just out of curiousity how can an insurance company working with a rehab facility pay up to $5,000 for one single urine test? I believe that lab tests are ok to get detailed info but seriously how can there be such a spread on something like this? Its ok to send blood work out to the lab to  make some money but  those returns are greed monger material and are eerily reminisient of what Wall Street did with thier 20-1 leverage derivitave pay out returns leading up to the credit crisis. I cant even find an $8 per hour job that doesnt send me to the chiro immediately but these people are pillaging gods work with exorbitant kickback scams. The people that are involved with this are taking advantage of addicts and have no shame.