--- product_id: 1698976 title: "PHYSICS OF WALL STREET" brand: "weatherall" price: "NT$921" currency: TWD in_stock: true reviews_count: 10 url: https://www.desertcart.tw/products/1698976-physics-of-wall-street store_origin: TW region: Taiwan --- # PHYSICS OF WALL STREET **Brand:** weatherall **Price:** NT$921 **Availability:** ✅ In Stock ## Quick Answers - **What is this?** PHYSICS OF WALL STREET by weatherall - **How much does it cost?** NT$921 with free shipping - **Is it available?** Yes, in stock and ready to ship - **Where can I buy it?** [www.desertcart.tw](https://www.desertcart.tw/products/1698976-physics-of-wall-street) ## Best For - weatherall enthusiasts ## Why This Product - Trusted weatherall brand quality - Free international shipping included - Worldwide delivery with tracking - 15-day hassle-free returns ## Description PHYSICS OF WALL STREET ## Images ![PHYSICS OF WALL STREET - Image 1](https://m.media-amazon.com/images/I/61fXVOlQQxL.jpg) ## Customer Reviews ### ⭐⭐⭐⭐⭐ 5.0 out of 5 stars Learned so much *by N***C on Reviewed in the United States on July 1, 2021* I enjoyed listening and reading all about these talented Physicists and Mathematicians and how they helped Wall Street become how great it is today. It showed a great history and provided many notations and references to back up the great research contained in this book. There was so much to learn that it could be read again to retain the wonderful knowledge. It is definitely a very worthwhile read. I am so glad I listened and read. ### ⭐⭐⭐⭐ 4.0 out of 5 stars Gives an entertaining and formative look at the workings of Wall Street today *by D***N on Reviewed in the United States on October 28, 2013* The story of the rise of the quants, unemployed physicists who migrate to Wall Street, is both fascinating and depressing. The book takes what could be a dry topic and makes it come alive and readable for the non-quant. The book gives the reader some insights into the complicated nature of investment behavior and the quest to somehow quantify it and makes reasonable predictions of future behavior. The possibility of this prediction is called into question by the book and the book is a must read for those who read "Fooled by Randomness" and "The Black Swan." Though I've recommended this book I'd further recommend an earlier book dealing with the same issues but in more depth and somewhat better written: "Fortunes Formula.." ### ⭐⭐⭐⭐⭐ 5.0 out of 5 stars Physicists Put Fizz into Wall Street *by D***R on Reviewed in the United States on December 28, 2013* This very readable book might better be called "The Physicists of Wall Street," as it tells about the geniuses who have given us improved understanding of the casino called "the stock market." French physicist Louis Bachelier over a century ago modeled the market as being a random walk, a drunken lurching, with steps that followed a normal [Gaussian] distribution. The equations and implications implications he deduced went nearly unnoticed for five decades, when the great M.I.T. economist Paul Samuelson was alerted to them, only to find that much of his own recent work had been scooped by Bachelier, whom Weatherall considers the Isaac Newton of economics.Who cares? Those who invest daringly in the market, beyond my own favorite, the "buy and hold" strategy, which has worked well for Warren Buffett. Options, futures, warrants...these derivatives based on stock prices are much more sensitive than the stocks themselves to changes in the environment and changes in the traders' world-views. Fortunes have been made and fortunes lost, some of the latter due to the bubbles that the fizz of the physicists helped create. The normal distribution was not quite right. Physicist Maury Osborne found the log-normal made more sense: it never went negative, fit the data better, had larger [and more accurate] probabilities for some extreme events. Eventually, Benoit Mandelbrot showed that distributions that gave even larger probabilities for extreme events [had longer, fatter "tails'] were needed and still could under-predict market collapses. Nassim Taleb in "The Black Swan" and "Antifragile" maintained that the truly unusual cannot be predicted, only hedged against.Some physicists in the market have become billionaires, so they know things most of us do not. One strategy has been to use computers and sophisticated algorithms, usually closely held secrets, to move a bit faster than the market to get in ahead of the ups and out ahead of the downs. This works when in the normal trading regime. Clever hedging with stocks and warrants etc. can also deliver nice returns in normal times. There may be clues that warn of impending crises, as physicist Didier Sornette has shown, but most of us may be wise to follow Prof. Taleb's injunction to put the bulk of our investments in safe, conventional alternatives, speculating with a small fraction...and generally betting that disaster has been under-estimated.Economists tend to be skeptical of physicists in their playground. Some humility is appropriate on both sides. Still, it was Nobel-prize-winning economists who rode Long-Term Capital Management into bankruptcy, apparently partly due to relying on the normal distribution, rather than something a little more complicated and closer to reality.Weatherall's book has extensive notes and references and a couple of figures, but no equations. The stories are well-told, with a mix of interesting personal and technical information. Lots can be learned, just don't bet the farm.I really liked this book, but I am a retired physicist. We transcend humility. --- ## Why Shop on Desertcart? - 🛒 **Trusted by 1.3+ Million Shoppers** — Serving international shoppers since 2016 - 🌍 **Shop Globally** — Access 737+ million products across 21 categories - 💰 **No Hidden Fees** — All customs, duties, and taxes included in the price - 🔄 **15-Day Free Returns** — Hassle-free returns (30 days for PRO members) - 🔒 **Secure Payments** — Trusted payment options with buyer protection - ⭐ **TrustPilot Rated 4.5/5** — Based on 8,000+ happy customer reviews **Shop now:** [https://www.desertcart.tw/products/1698976-physics-of-wall-street](https://www.desertcart.tw/products/1698976-physics-of-wall-street) --- *Product available on Desertcart Taiwan* *Store origin: TW* *Last updated: 2026-05-26*