On
the Shelf:
Thomas A. Bass, AB'73, The
Predictors
In
his new book, The
Predictors: How a Band of Maverick Physicists Used Chaos Theory
to Trade Their Way to a Fortune on Wall Street (Henry Holt
& Company), Thomas
A. Bass, AB'73, combines computer hacking, physics,
and high-stakes trading. The nonfiction work rejoins hacker heroes
Doyne Farmer and Norman Packard, whose attempt to break the roulette
tables of Las Vegas with toe-operated computers was documented
in Bass's 1985 book, The Eudaemonic Pie.
Most
recently, the childhood friends from Silver City, New Mexico,
used abstruse physics concepts and computer programming to track
and predict the patterns of commodities, currency, and equities
markets. As Bass reveals, the two form Prediction Company and
beat stock-market moguls at their own game, learning firsthand
about the "genius and greed, power brokers and rebels" abundant
in the world of financial markets.--E.C.