11 quotes from My Life as a Quant: Reflections on Physics and Finance: ‘If you decide you don’t have to get A’s, you can learn an enormous amount in coll. “Derman’s memoir of his transition from mathematical physicistto expert finance whiz at Goldman Sachs and Salomon Brothers readslike a novel, but tells a lot. Last week I was in a bookstore and ran across a new book by Emanuel Derman called My Life as a Quant: Reflections on Physics and Finance.

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Get fast, free shipping with Amazon Prime. It is more about the growth of the internal life of a person and the way that they and their expectations change with age.

In he and Goldman colleague IrajKani invented an options-pricing method that improved on an aspectof Black-Scholes — its incorrect assumption that the volatility ofoptions is unvarying. His book is simultaneously wide-ranging and personal.

Alexa Actionable Analytics for the Web. The Volatility Smile Mmy Finance.

My Life as a Quant. If you are, might be, or ever were interested in quantitative finance, a must-read.

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Amazon Advertising Find, attract, and engage customers. I appreciated Derman for putting down his life story because it has considerable resonance with my own. Thank you for your feedback.

To ask m readers questions about My Life as a Quantplease sign up. Page by page, Derman details his adventures in this field—analyzing the incompatible personas of traders and quants, and discussing the dissimilar nature of knowledge in physics and finance. The most challenging part of the book — and for techies, probably the best — is Derman’s detailed explanation of trading tools he developed.


Shopbop Designer Fashion Brands. My Life as a Quant Posted on October 4, by woit. An mostly interesting memoir by someone who enjoys his work and has found himself at several ‘right aa at the right time’s. Proudly powered by WordPress. Can they do the same for finance? Graduate school was a small community.

He lives in New York City. There is no logical path ae these laws; only intuition, resting on sympathetic understanding of experience, can reach them. Shopbop Designer Fashion Brands. Write a customer review. The further adventures of some of my acquaintances.

This entry was posted in Mmy. When the author switches jobs, to move to Goldman Sachs, we have the opportunity to understand how the quants, quwnt and mathematicians, came to set the trend on Wall Street with the invention of new models for trading complex securities, such as options, swaps and other structured products. It is elegantly written by a gifted observer who was apioneering member of the new profession of financial engineering,with an evident affection both for finance as a science and for thescientists who practice it.


My Life as a Quant: Reflections on Physics and Finance by Emanuel Derman

Indecisive, introspective, awkward, and sometimes morose,memoirist Emanuel Derman comes across like a character in a SaulBellow novel. I could never find the courage to broach the question of being his student; I supposed I must have hoped it would just happen wordlessly. Ironically, the best and most collegial academic atmosphere he experienced was not in a university but at Goldman Sachs.

Emmanuel Derman is wise and highly respected in the quant world. Since it was premature for formal arrangements and since I was naturally reticent and shy, I simply began to greet him very politely whenever our paths crossed. Description In My Life as a Quant, Emanuel Derman relives his exciting journey as one of the first high-energy particle physicists to migrate to Wall Street. My library Help Advanced Book Search.

My Life as a Quant | Not Even Wrong

I certainly had trouble with the financial engineering details. Emanuel Derman came to the U. The rest of us open neighborhood ballet schools with names like Miss Pauline’s Academy of Dance, or go to work in industry.

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