My Life as a Quant: Reflections on Physics and Finance
| |||||||||||||||||||||||||||||
|
| |||||||||||||||||||||||||||||
| Sort customer reviews by: | |||||||||||||||||||||||||||||
|
Show All Reviews on Page
Hide All Reviews on Page
| |||||||||||||||||||||||||||||
| 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 | |||||||||||||||||||||||||||||
| Review Date |
Review Rating(5 High) |
Review Helpful to: |
Customer Review | Reviewer Info |
Permanent Link |
||||||||||||||||||||||||
| Reader Reviews Below Sorted by Newest First | |||||||||||||||||||||||||||||
| 08-15-08 | 5 | (NA) |
| 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) |
| Reviewer | Permalink | ||||||||||||||||||||||||
|
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) |
| Reviewer | Permalink | ||||||||||||||||||||||||
|
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 |
| Reviewer | Permalink | ||||||||||||||||||||||||
|
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 |
| Reviewer | Permalink | ||||||||||||||||||||||||
|
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 |
| Reviewer | Permalink | ||||||||||||||||||||||||
|
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 | |||||||||||||||||||||||||||||
| All Books | Arts | Biography | Click Here For An A-Z Index Of All 213 Best-Seller Subjects | Business | Children's | Comics | ||||||
| Computers | Cooking | Engineering | Entertainment | Health | History | Home | Horror | Humor | Law | Fiction | Medicine | Mystery |
| Nonfiction | Outdoors | Parenting | Professional | Reference | Religion | Romance | Science | Sci-Fi | Sports | Teens | Travel | |