During the global economic crisis of the last few years, previously esoteric financial jargon has worked its way into public discourse. One such term is quant, a shorthand term for "quantitative analyst." They're the subject of Scott Patterson's new book, The Quants: How a New Breed of Math Whizzes Conquered Wall Street and Nearly Destroyed It, and I take on the term in my latest On Language column in this Sunday's New York Times Magazine. It's a timely topic, given the mysterious 1,000-point dip in the Dow Jones index last week, variously blamed on quants and "fat fingers."  Continue reading...