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    Chaos Kings: how Wall Street traders make billions in the new age of crisis
    Chaos Kings: how Wall Street traders make billions in the new age of crisis
    Chaos Kings: how Wall Street traders make billions in the new age of crisis
    Ebook360 pages4 hours

    Chaos Kings: how Wall Street traders make billions in the new age of crisis

    By Scott Patterson

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    About this ebook

    For fans of The Black Swan and written by a veteran Wall Street Journal reporter, this is a fascinating deep dive into the world of billion-dollar traders and high-stakes crisis predictors who strive to turn extreme events into financial windfalls.

    There’s no doubt that our world has gotten more extreme. Pandemics, climate change, superpower rivalries, technological disruption, political radicalisation, religious fundamentalism — all threaten chaos that put trillions in assets at risk. But around the world, across a wide variety of disciplines, would-be super-forecasters are trying to take the guesswork out of what formerly seemed like random chance. Some put their faith in ‘black swans’ — unpredictable, catastrophic events that can’t be foreseen but send exotic financial instruments screaming in high-profit directions — while others cling to the hope that paying close attention to the data will foreclose any true surprises from happening. Most famous among this group of big-bet traders are those who run the Universa fund, who, on days of extreme upheaval, have made as much as $1 billion.

    Author Scott Patterson gained exclusive access to Universa strategists and met with savvy seers in a variety of fields, from earthquake prediction to counterterrorism to climatology, to see if it’s actually possible to bet on disaster — and win. Riveting, relevant, and revelatory, this is a must-read for anyone curious about how some of today’s investors alchemise catastrophe into profit.

    LanguageEnglish
    PublisherScribe Publications
    Release dateJul 4, 2023
    ISBN9781761385186
    Author

    Scott Patterson

    Scott Patterson has been a reporter for more than two decades, mostly at The Wall Street Journal in New York City, Washington, DC, and London. His 2010 New York Times bestseller The Quants was about the rise of mathematical traders and their near destruction of the financial system. His second book, Dark Pools, which exposed how high-frequency trading had rigged the stock market, was lauded by a pantheon of financial writers. A winner of the Loeb Breaking News Award, Patterson has made frequent appearances in the media, including on CNBC, The Daily Show, and Fresh Air. He lives in Alexandria, Virginia, with his wife and son.

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