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My Life as a Quant: Reflections on Physics and Finance | 
 enlarge | Author: Emanuel Derman
Publisher: Wiley
Category: Book
List Price: $16.95
Buy New: $8.90
You Save: $8.05 (47%)
New (37) Used (12) from $8.79
Avg. Customer Rating:  66 reviews
Sales Rank: 16683
Media: Paperback
Number Of Items: 1
Pages: 292
Shipping Weight (lbs): 0.7
Dimensions (in): 8.9 x 5.8 x 1.3
ISBN: 0470192739
Dewey Decimal Number: 920
EAN: 9780470192733
ASIN: 0470192739
Publication Date: December 21, 2007
Availability: Usually ships in 1-2 business days
Shipping: International shipping available
Condition: BRAND NEW
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Product Description
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. 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. Throughout this tale, he also reflects on the appropriate way to apply the refined methods of physics to the hurly-burly world of markets.
Download Description
Emanuel Derman was one of the first physicists to move to Wall Street, and his career paralleled the growth of quantitative trading over the past twenty years. In My Life as a Quant, he traces his transformation from ambitious young scientist to managing director and head of the renowned Quantitative Strategies group at Goldman, Sachs & Co. Derman’s tale recounts his adventures with quants, traders and other high fliers on Wall Street as he became the best-known quant in the business. He describes the struggles of research and his interactions with an assorted cast of famous scientists. He relates his impressions of some of the most creative minds on Wall Street, including Fischer Black, with whom he collaborated on the widely used Black-Derman-Toy model of interest rates. Throughout his story he reflects on the appropriate way to apply the refined methods of physics to the hurly-burly world of markets and the people that inhabit them.
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| Customer Reviews: Read 61 more reviews...
 Learn: What is a quant, and what's it like to be one, and why would you? June 21, 2008
1 out of 1 found this review helpful
I enjoyed this book very much. It's like a memoir, but focuses on his professional life. He talks about his training in physics, and how hard it is to get satisfactory (to him) employment. He switched to being a quantitative analyst on Wall Street. He talks a lot about what that really means, how the quants fit into the structure of Wall Street, and he even gets into some of the technical detail (I would have liked a bit more of that). It's well written and fun.
 Boring and repetetive May 29, 2008
0 out of 2 found this review helpful
Very (very) shallow on technical content. Bizarre and boring anecdotes about the politics of the big investment banks. Detailed stories about uninteresting aspects of the author's life. I kept looking for some real beef, but gave up at some point.
great book for a financier March 29, 2008
1 out of 3 found this review helpful
For someone interested in becoming a quant, this is a great book to read. I highly recommended it to you, as I did to many of my friends and students.
From academia to finance January 14, 2008
1 out of 1 found this review helpful
This is a book by one of the first people to move from Physics to Finance at a time when few physicists thought about it as a career option. It starts off around in grad school where Derman captures the elation of a new grad student at an ivy-league school working with Nobel prize winners and at the same time being intimidated at the standards that one has to meet to be accepted in that club.
The postdoctoral chapters are a bit of a drag seemingly matching his life at the time. Finally, he describes his movement first to AT&T and then to Wall Street. The differences between working in academia and industry are well described.
People who are looking for details on quantitative models and the like will be disappointed. While some models are described in seeming detail, the coverage of that side of things is superficial. It is a much better description of the journey from Physics to Finance and the emotional side of going over to a financial world which values everything by money from a academic world which at least seemingly, looks down on money.
Serious Market Analist January 5, 2008
0 out of 3 found this review helpful
My life as a Quant is a truly reference guide for Serious Market Analists and Quant prospectors.
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