Writer and Professor Emeritus of Financial Engineering at Columbia University
BOOK
Brief Hours and Weeks: My Life as a Capetonian
BOOK
Models Behaving Badly
BOOK
The Volatility Smile
BOOK
My Life as a Quant
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Why Is This Interesting? – The Tetragrammaton Edition
A single name–Bjork or Madonna–is grand. A single name with its own name is even grander.
Emanuel Derman on X
“Central contradiction of capitalism … production requires the coordinated labor of millions—but ownership remains private … private ownership can become destructive of the enormous productive capacities that capitalism itself brings into being.”
Marx, Keynes, and A.I.
Coercive Competition and the Future of Work
open.substack.com
@EmanuelDerman @TheStalwart The good ones did it for the money, but the best did it for the love of a challenge. Often, the true reward was not the money, but the joy of discovery (+ some money)...
Every time I open any newspaper or magazine, there’s an article by Jill Lepore.
Cmon man.
From a letter From NZ to the London Review of Books:
“The neoliberal transformation of our society – ushered in by a so-called Labour government in the late 1980s – redefined university education as a ‘private good’ for which students should be expected to pay.
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1/n
Because of the substantial debt it typically entailed, many parents came to see such an education as nothing more than a path to financially rewarding employment for children who now saw themselves as entitled consumers.
2/3
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At the same time, successive governments pared back the state contribution to the cost of universities, rendering them increasingly dependent on the fees extracted from overseas students, most of whom wanted employment-oriented study.”
3/3 EOF