“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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Derman received the industry’s “”Financial Engineer of the Year”” award in This guy, it a I picked up this book at the library because it was suggested by Goodreads or Amazon I forget which as a book I might like to read. Life as a graduate student. Kelly and Paul were successful interest-rate swap traders. 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.

He was able to make some contributions of his own.

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 Life as a Quant is the autobiography of Emanuel Derman, charting his conversion from frustrated physicist into financial engineer.

Back to be a professor in the end, he looked back his adventure, no regret, life is journey, we assumed what we chose. Emanuel Derman managed to achieve during the time of ss. I didn’t have any expectations of this book before I read it, other than it would hopefully give me some better insight into a part of the world of investment banking that I have worked.

Top Reviews Most recent Top Reviews. Ships from and sold by Amazon. 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.


The author discusses events such as learning about his mother’s death in South Africa after the fact and listening to anti-semetic comments by his academic colleagues who don’t realize he is Jewish.

I know of no other bookthat bridges the two cultures. 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.

The first third, the story of his life as a grad student and post-doc, was highly sa. In the second half which addresses his financial career, his arrogance is not as noticeable, so either he was actually humbled by his change in career, as he describes i Not the most insightful of memoirs, this was more of a catalogue of professional achievements.

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. Portrait of an Enigma.

Emanuel Derman

Towards the later part of the first half, I was starting to wonder when he would get to the finance part of his life, but once I got there I appreciated the lead-up.

As it turned out, both inventions had limitations in practice, but Derman accepts that. Derman describes the switching point from academia int Quite entertaining book especially for someone with financial background using the models or considering going into the field straight out of university.

I was not looking to read a book on life in academia, but now that I have, I feel somewhat enlightened. I had reached the point where I merely envied the postdoc in the office next door because he had been invited to give a seminar in France.

I know of no other book that bridges the two cultures. From February to JulyDerman wrote a financial blog for Reuters. 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. Oct 30, Rustam Aliyev rated it really liked it Shelves: He had spent most of the preceding 20 years in education and research.


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

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. Amazon Second Chance Eerman it on, trade it in, give it a second life.

In the first half, he reveals himself to be an incredibly arrogant physicist. Inwhen so many young people of his generation were heading off to hang out at Woodstock, Derman admits: Physicist, mathematician, philosopher, and poet blend together toproduce a narrative that all financial engineers will find worthreading.

He does demonstrate that brainpower can be lucrative on Wall Street while fostering abstruse humor. The calculations showed that this was not a concern.

Almost perishing, then publishing. Almost perishing, then publishing. Customers who emanueel this item also bought. A mixture of maths, programming and giving presentations to customers.

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. Then on pages he wrote, “One summer in the early seventies, during the student protests against the Emauel invasion of Cambodia, Eva [his wife] and I went w in the Catskills mountains with Chang-Li and his wife.

Heading the Quantitative Strategies Group. He worked at Goldman from until except for one year at Salomon Brothers. 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. My Life as a Quant: ComiXology Thousands of Digital Comics.