Mar 21, 2012

Numerix Co-Founder, Michael Goodkin, Publishes Book, The Wrong Answer Faster

Michael Goodkin’s newly published book recounts the untold story of how one man with a great idea {Goodkin} decided not to play the market, and instead revolutionize the financial world for generations to come by creating the most ground breaking tool for market players since the ticker tape. Goodkin later on went to co-found Numerix, a software company that substituted computational physics for econometrics to better manage derivative risk.

The Wrong Answer Faster provides a firsthand account of one of the greatest revolutions in financial history. In 1967, moving from Chicago to New York in hopes of making his mark on the world, Goodkin notices by chance there are no computers on Wall Street. Drawing on his teenage trading experience that no one knows the right price for anything, he sees the opportunity to earn investors a consistent profit by joining his instinct for gambling with the expertise of future Nobel laureate economists and the speed of a computer to calculate the wrong answer faster than the professionals.

Learn more about this book and the fascinating story behind the machines that trade trillions of dollars every day.

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