“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. 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.

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But as the book unfolded, it appeared that Derman was able to grow out of his adolescent arrogance and attitudes. I know of no other book that bridges the two cultures. Get fast, free shipping with Amazon Prime.

As it turned out, both inventions had limitations in practice, but Derman accepts that. It was an extremely pleasant reading, much to my surprise. Let me out of the way! Derman obtained a B.

My Life as a Quant : Emanuel Derman :

I appreciated his reflections up until after his work at Bell Labs. Driven by ambitious dreams to Co-lumbia. It also allows you to generate financial products to sell and what price to sell them at hence financial engineeringand then how much risk you yourself have holding them. One physics paper leads to another.

One thing that was very alarming to me was that he called the chapter about his time in industry between academia and finance ‘the penal colony’. Those with a liking for pure mathematics will have to grin and bear Derman’s critical comments drrman mathematical xerman and economic theory.


Financial models as gedanken experiments. There was a problem filtering reviews right now. He moved on to a higher paying but creatively stifling corporate job at Bell Labs where, though you had a doctorate, your supervisor might only have a masters degreewhere he often felt subservient and demeaned.

Added to Your Shopping Cart. Books by Emanuel Derman. In corridors and elevators and on campus, I was soon running into Feinberg several times a day, always giving him a polite hello and a nice smile. Dec 27, Thai Son rated it it was amazing Shelves: Looking for beautiful books? From February to JulyDerman wrote a financial blog for Reuters.

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.

My Life as a Quant | Not Even Wrong

Wall Street is no longer the old-fashioned mt it once was. Is it reasonable to treat theeconomy and its markets as a complex machine? 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 quaht Goldman Sachs.

I was happy that he found himself; also I would say that Derman is too modest – not every theoretical physicist would have his facility and intuition for finance. The glory days of particle physics.

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My Life as a Quant : Reflections on Physics and Finance

He would reciprocate similarly with a sort of nervous curling of the lips. For example, how is this possible? I was not looking to read a book on life in academia, but now that I have, I feel somewhat enlightened. Planets must obey Newton’s Laws?

The world of industry – working for money rather than love. After several days in a tent, cut off from any news, we went to meet my in-laws who were vacationing in a nearby hotel. The priesthood of itinerant postdocs. The book is particularly valuable for the insights it provides about the inner workings of a major investment bank, and in particular about the role played by the “quants” in the development of new products and trading strategies.

My Life as a Quant

Customers who bought this item also bought. Sometimes the story goes very fast and sometimes it drags on an emamuel. The further adventures of some of my acquaintances.

His book My Life as a Quant: Book ratings by Goodreads.