The author tries to justify a career spent in financial modeling. emanuelderman.com……
Comments closedAuthor: Emanuel Derman
The good days are here once again for models of the physical world: after a drought of almost fifty years, physicists at CERN have discovered what seems to be the long-awaited Higgs boson
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All our fashions, in those days, were imported from America.
Comments closedSometimes, quite often, Absence is so powerful that it’s a Presence of its own.
Comments closedI dislike Mayor Bloomberg telling me I can’t smoke a cigar in Central Park, nudge stuff, and nanny states. And yet I find myself liking the fact that they are going to outlaw 640z sodas in NYC. I am impaled on the horns of a dilemma.
Comments closedEvery day I seem to come across new articles or incidents concerning universities that indicate the increasing strength of t.he tidal forces pulling at them and their denizens
Comments closedWhen the era of rationality finally dawned, it became clear to everyone that love doesn?t last.
Comments closedThe other day while teaching I suddenly briefly felt really ill with a pain in my lower back and then broke out in a copious cold sweat over every part of me; even the hair on my head was as wet as though I’d had a five mile run.
Comments closedAs more and more people I know edge into retirement lifestyles, I found myself thinking on vacation about how I’d like to live. I know people who travel nonstop, but that’s not for me.
Comments closedI have been rereading (and enjoying, for the third time in my life) the book Memoirs of an Anti-Semite by Gregor von Rezzori.
Comments closedI think I’ve maybe been a closet phenomenologist for the last 30 years, only I didn’t know it.
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I watched two recent finals — The Australian Tennis Open (Djokovic vs. Nadal) and the Super Bowl (Giants vs. Patriots) and their endings were very different in spirit.
Comments closedSchopenhauer, in The World as Will and Representation, has a chapter on The Metaphysics of Sexual Love, and remarks how strange it is that love ceaselessly occupies people’s thoughts, interests and readings, and yet has gone relatively unexamined from a philosophical point of view.
Comments closedSomething about naive liberal humanitarianism often bugs and irritates me more than correspondingly naive reactionary beliefs, and I (probably wrongly) end up judging more severely than I should otherwise good people who espouse it naively.
Comments closedWe’ve been in a bull market for Treasury Bonds since the late 1970s, and, as a student pointed out to me recently, and I think I can confirm, we’ve been in a bull market for academic grades too.
Comments closedIn quantum mechanics — i.e. in the real world as we understand it today — matter can have two kinds of formerly apparently contradictory qualities. The same applies to people.
Comments closedPart of the reason economists and traders are likely to be fooled is because, underlying everything they do is the statistics of what is ultimately human behavior.
Comments closedSelf-schooled in finance and unschooled in economics, I was very glad to be sent a link to Hayek’s Nobel Prize acceptance lecture.
Comments closed“Lola” is executed with great panache, and loosely relevant to economic affairs today. It’s set in a small town in the boom of 1950s West Germany, and is about contagion, the moral kind.
Comments closed1. Everyone is a grownup and no one is more grown up than anyone else.
Comments closedSam Shepard as technocratic cold America vs. Julie Delpy as cultured sophisticated Europe.
Comments closedModels.Behaving.Badly
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