My Life as a Quant
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 complex world of markets.
Praise for My Life as a Quant
"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."
— Grant's Interest Rate Observer
"That sense of being an intruder in outlaw territory lends an intriguing mood to Derman's My Life as a Quant, a literate and entertaining memoir."
— BusinessWeek
"Derman's memoir of his transition from mathematical physicist to expert finance whiz at Goldman Sachs and Salomon Brothers reads like a novel, but tells a lot about brains applied to making money grow."
— Paul A. Samuelson, MIT, Nobel Laureate in Economic Sciences, 1970
"A deep and elegant exploration by a thinker who moved from the hardest of all sciences (physics) to the softest of the soft (finance). Derman is a different class of thinker. I know of no other book that bridges the two cultures."
— Nassim Taleb, author of The Black Swan and Fooled by Randomness