“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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Still, he is doesn’t shy away from highlighting his weaknesses and struggles throughout his career and that makes the whole story appealing to the reader.

I have to admit that for both physics and banking terms, i am not familiar, he wrote in a very geeky way, but when he talked about his struggles about life choice, marriage, his kids, I felt he got very gentle and honest soft tones.

This part of the book is stimulating and one gets a feeling for the issues and challenges. 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. I think Christ was a student of T. Lists with This Book. Dec 27, Thai Son rated it it was amazing Shelves: Derman is a different class of thinker Showing of reviews.

Who should read this book?

My Life as a Quant | Not Even Wrong

Reflections on Physics and Finance on your Kindle in under a minute. Although he was undoubtedly well paid for the skills he brought to the financial markets, Derman’s story is tinged with sadness about the loss of an ideal.


After these positions, the relative freedom of Wall Street looked pretty good, and he joined the quantitative side of Goldman Sachs that side being the less prestigious one, relative to the trading side, or salescreating financial models and specializing in interest rate modeling. There are no discussion topics on this book yet. My Life as a Quant: But following events of the last two years, it is impossible to ignore that the financial innovations Derman worked on – mortgage backed derivatives and obscure risk swaps – are the very ones which came close to vaporizing the world economy.

But Derman got in at the ground floor of financial engineering, or quantitative finance, and spent two decades exploring the almost infinite potential and complexity of derivative products and sophisticated risk management.

It’s closer to 4 stars than 3.

A honest book on the journey up to the point when he left Goldman for Columbia Business School. The Best Books of Both world are fascinating and Derman is an excellent observer.

My Life as a Quant: Reflections on Physics and Finance – Emanuel Derman – Google Books

Derman received the industry’s “”Financial Engineer of the Year”” award in My Life as a Quant is the autobiography of Emanuel Derman, charting his conversion from frustrated physicist into financial engineer.

Cape TownSouth Africa. Emanuel Derman managed to achieve during the time of ss. A book that describes the career of one of the most successful “quants” on Wall Street. His book is simultaneously wide-ranging and personal. To do so, you use a model.


Emanuel Derman

Apr 17, Dafne rated it it was amazing. Not so entertaining was his story of actually being a quant.

The man removes the outer condom and sleeps with the second woman. Samuelson, MIT, Nobel Laureate in EconomicSciences, “Elegantly written by a gifted observer who was a pioneeringmember of the new profession of financial engineering with anevident affection both for finance as a science and az thescientists who practice it.

It provides a detailed look into the life of physics PhDs and professors in late 70s and 80s. Derman obtained a B. He lives in New York City. 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. He struggled for years in a series of insecure post-doctoral positions.

The emanyel of options theory. Indeed, I didn’t really understand the nature of wh My Life as a Quant is the autobiography of Emanuel Derman, charting his conversion from frustrated physicist into financial engineer.

Derman is smart and apparently confident in himself.

My Life as a Quant

The glory days of particle physics. Emanuel Derman came to the U. Jul 15, Ryan rated it it was amazing Recommends it for: Amazon Music Stream millions of songs.