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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There are few “”gentlemen bankers”” left these days. We learn not only what Derman as a quant does, but why, and what the business context is for it. Reflections on Physics and Finance. In My Life dreman a Quant, Emanuel Derman relives his exciting journey as one of the first high-energy particle physicists to migrate to Wall Street.
Page by deran, 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. And yet asober scepticism, learned the hard way all those years ago inuniversity libraries, underpins his world view. Amazon Drive Cloud storage from Amazon. Books by Emanuel Derman.
Sep 10, Nikos Skantzos rated it liked it. Then you can start reading Kindle books on your smartphone, tablet, or computer – no Kindle device required.
My Life as a Quant: Reflections on Physics and Finance by Emanuel Derman
As time passed, this limbo of flirtatious foreplay continued unabated. The most challenging part of the book — and for techies, probably the best — is Derman’s detailed explanation of trading tools he developed. My fellow Americans, by this I have demonstrated that I can look after my own interests effectively — have no doubts, therefore that you can trust me to look after the interests of the whole nation. If I had reviewed this in when the book came out, I would stop here.
As the reader learns, it is mathematically possible. Want to Read Currently Reading Read. Derman’s mood seems to vary from bemused on good days to sour on bad ones. A Harmonic Modeling Approach to Understanding The Volatility Smile Wiley Finance.
The book surpassed my expectations. The financial parts, though, left me pretty lost. Is it reasonable to treat theeconomy and its markets as a complex machine? Oct 30, Rustam Aliyev rated it really liked it Shelves: I appreciated Derman for putting down his life story because it has considerable resonance with my own.
Alexa Actionable Analytics for the Web. At least they thought about it. Verman know of no other book that bridges the two cultures. My colleague John Morgan also got a very quick Ph.
William Mckibbin Limited preview – Jul 01, David Murphy rated it it was ok. Just dwrman moment while we sign you in to your Goodreads account. My Life as a Quant, by Emanuel Derman is, indeed, a perfect memoir, as Derman, a South African—born physicist turned financial engineer, is a perfect memoirist. Ships from and sold by Amazon. He also clearly has a passion for explaining theories clearly as opposed to high-brow. No one dared restrain T. Regardless quantt your background, expected to be entertained.
It also provides some perspective on the development of quantitative finance as a practical discipline; and it makes clear that quantitative skills, while important to a successful drrman in a major financial institution, generally take a back seat to salesmanship, practical trading skills, and internal politicking. Marcos Lopez de Prado.
My Life as a Quant Quotes
After some frustrating years, Derman ultimately found his metier in financial modeling. Is derma feature quany That is why Emanuel Derman’s memoirs are so compelling. The further adventures of some of my acquaintances. If you are a seller for this product, would you like to suggest updates through seller support? There was a problem filtering reviews right now.
Derman is a different class of thinker; unlike mostfinancial economists, he bears no physics envy and focuses onexploring the real intuitions behind the mechanisms themselves.