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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Learn more about Amazon Giveaway. FischerBlack, one of the original model’s authors, worked at Goldman andbecame a mentor and dermab to Derman. They have only two condoms, and everyone is scared of catching some venereal disease. Overall, a good book, but boring. If you are a seller for this product, would you like to suggest updates through seller support?
The part when he had to live apart from his wife and new-born son was indeed saddening as well. Overall, This book was Emanuel Derman Eman dryly taking us through his life as a theoretical physicist turned quant. After postgraduate work in physics, he transitioned to finance, and spent seventeen years as a “quant” at Goldman Sachs. I have to admire him for being willing to describe his early experiences with such honesty. Derman has to say about that. Derman failed at what he really wanted, which was drrman become animportant physicist.
We were both trained in elementary particle physics and quantum field theory at top universities during the same years, and, due to the Ballet Dancer effect, both of us later had to fiind a transition to some other career path.
Quang to Know Us. A honest book on the journey up to the point when he left Goldman for Columbia Business School. Home Frequently Asked Questions. There he made significant contributions to the mathematics of derivatives pricing, building on the Black-Scholes model which has been called the only real achievement of economics theory.
There is some poignancy in Derman’s transformation from theoretical physicist bent on a life in academia where he hoped to make groundbreaking discoveries about elementary particles to mid-level employee of one of the world’s great financial institutions Goldman Sachs.
The book also captures the period of how financial engineering b Very interesting book that I would recommend to read to anyone interested in finance as well as individuals interested in transitioning to financial engineering world.
Derman’s first degree in physics was from Cape Town university, but he had come to Columbia determined to make his name. Let me out of the way! Doing mainly financial software. Amazon Second Chance Pass it on, trade it in, give it a second life.
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October 8, at 6: This guy, it appears, has got things backward if he thinks nature is somehow required to follow the models science has devised to describe nature. I would like aas know what Dr.
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. Want to Read saving…. Write a customer review.
There’s an undercurrent of an unhappy intellectual throughout the book. What other items do customers buy after quanr this item? My library Help Advanced Book Search. Almost perishing, then publishing.
Each year we get more and better applicants, and they seem to do very well on the job market when they get out. Discover Prime Book Box for Kids. demran
My Life as a Quant: Reflections on Physics and Finance by Emanuel Derman
In the tradition of the idiosyncratic memoir, My Life As a Quant is a grab bag of the author’s interests. Showing of reviews. He begins his story inwhen he arrived in New York city fromSouth Africa as a bewildered, rather lonely 20 year old. Write a customer review.
An interesting look at financial engineering from a former theoretical physicist who has made a career on Wall street. He may have just done much of the standard graduate program while an undergrad, then started grad school at dermxn point when he was already doing research.
GShe continues to ponder whether markets canreally be lire. In recent years, investment banks and hedge funds have increasingly turned to quantitative trading strategies and derivative securities for their profits, and have raided academia for PhDs to model these volatile products and manage their risk. Full disclosure – in the bookDerman expresses scorn for both solid state physicists and experimentalists — I myself belong to both of these categories.