My Life as a Quant: Reflections on Physics and Finance

Trading desks on Wall Street and hedge funds everywhere increasingly generate their profits using quantitative financial models that rely on advanced mathematics and computers. Investment firms now routinely employ large quant departments staffed by former physicists, mathematicians and computer scientists. Emanuel Derman was one of the first physicists to move to Wall Street, and My Life as a Quant traces his pilgrims progress from ambitious academic scientist to managing director and head...