We at the height are ready to decline. There is a tide in the affairs of men Which, taken at the flood,…
Comments closedAuthor: Emanuel Derman
On the matter of wanting, a lot of us go around dazed and confused. We don’t really know what we’d like—there’s so much available in…
Comments closedI once read this in the Economist, in the year 2000, I believe, but cannot find the reference. Sir- Your article on irony (A quiet…
Comments closedRe Felix Salmons’s post on
Comments closedDavid Ben Gurion, the first Prime Minister of Israel, once said in a speech: “History did not spoil us with power, wealth, nor with broad…
Comments closedAfter 17 years at Goldman Sachs, Emanuel Derman decided it was time to take a break. Since leaving the firm in June, he has been…
Comments closed22 May – Emanuel Derman, head of Goldman Sachs’ quantitative risk strategies group in firmwide risk, will retire from the firm in June. Goldman Sachs’…
Comments closedGoldman Top Quant to Leave Wall Street Derivatives Week Emanuel Derman, managing director and head of the quantitative risk strategies group in the firm-wide risk…
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Comments closedDerivatives Strategy DS: You’re a creator of models, but you also work with real live traders. How far do models go? Where does their value…
Comments closedWritten for the Risk Magazine 15th Anniversary Book on Risk Management. I never expected to be in the business world, not even a few years…
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A Vpro Backlight Documentary by Marije Meerman, featuring Paul Wilmott and Emanuel Derman.
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From my window, late at night.
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A few days ago I was at the beach, and I ate dinner at a small seafood shack run by a family. It was crowded…
Comments closedThus, if there is a new Asian crisis, it is arguably due to the Fed’s QE, though Krugman attempts to dodge this by saying they…
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Outtakes from Models.Behaving.Badly, typos and all. Derives modern portfolio theory, look ma no optimization:
Comments closedI’ve lived in New York for more than 40 years, and watched its gentrification from up close. On Amsterdam and Columbus Ave in the Seventies…
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An early outtake from my book Models.Behaving.Badly. An attempt to explain the principles of neoclassical finance from a rational point of view, and to point…
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Understanding GER Contracts
Comments closedAhmed Wahidi is an Afghani goatherd with three wives, Aafifa, Latifa and Fatima. They live high in the Hindu Kush. David Burton is a computer…
Comments closedLate in life, when his roots should have held him steady, he became unmoored, and it seemed inappropriate. But who determined what was appropriate?
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