My Life as a Quant: Reflections on Physics and Finance

  Author:    Emanuel Derman
  ISBN:    0470192739
  Sales Rank:    17099
  Published:    2007-12-21
  Publisher:    Wiley
  # Pages:    292
  Binding:    Paperback
  Avg. Rating:    4.0 based on 69 reviews
  Used Offers:    10 from $9.39
  Amazon Price:    $11.53
  (Data above last updated:  2008-08-21 04:20:23 EST)
  
  
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My Life as a Quant: Reflections on Physics and Finance
  
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.

                  Reader Reviews 1 - 6 of 6                 
  
  
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08-15-08 5 (NA)
(Hide Review...)  Book worthy to buy
Reviewer Permalink
Well written book for people who would like to become Quant while their major is not finance.
(Review Data Last Updated: 2008-08-19 04:25:48 EST)
08-11-08 4 (NA)
(Hide Review...)  nice intro into working on wall st (as quant)
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I wanted to get a better picture on how it is to work as a "quant" on Wall Street, not knowing much to start out with. The book certainly met my expectations. I was a bit surprised that most of the research effort goes into financial engineering (developing and analyzing new products) as opposed to trying to better understand/predict how already existing products will do. It was interesting to understand the relationship between "quants" and traders. Finally, a bit surprising that so little from physics was applicable.
(Review Data Last Updated: 2008-08-16 04:20:56 EST)
07-26-08 5 (NA)
(Hide Review...)  Appreciation for author's effort
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Though I barely have a clue about the models presented in the book, the author provided a very informative and descriptive view of life as a Quant. It even gives a picture of working in Wall Street. I thank the author for his effort.
(Review Data Last Updated: 2008-08-11 04:16:49 EST)
06-21-08 5 1\1
(Hide Review...)  Learn: What is a quant, and what's it like to be one, and why would you?
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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.
(Review Data Last Updated: 2008-07-27 04:21:57 EST)
05-29-08 2 0\2
(Hide Review...)  Boring and repetetive
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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.
(Review Data Last Updated: 2008-06-22 03:12:34 EST)
03-29-08 4 1\3
(Hide Review...)  great book for a financier
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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.
(Review Data Last Updated: 2008-05-29 03:10:51 EST)
  
                  Reader Reviews 1 - 6 of 6                 
  
  
  
  
  
  

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