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The Video Quants: The Alchemists Of Wall Street

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HANH NGUYEN - SHORT WRITING ASSIGNMENT #2
The video Quants - The Alchemists of Wall Street (Marije Meerman, VPRO Backlight 2010) introduced some information about Quants and their roles in Wall Street. As mentioned in the video, a quant said it was a mathematician-led market meltdown, and here he had to apologize to the planet. A statement came from a Wall Street’s quant caught my attention about what and how quants can do in the financial market. Quants are people who specialize in application of mathematical and statistical methods to financial and risk management problems. Then they try to know how to structure and hedge financial securities.
One ethic issue of quants that I got from the video is that the intention of Quants in structuring

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