Writer and Professor Emeritus of Financial Engineering at Columbia University
BOOK
Brief Hours and Weeks: My Life as a Capetonian
BOOK
Models Behaving Badly
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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
After all, Hitler killed the worst right-wing dictator in history
@EmanuelDerman @GrantsPub The real bailout was when the treasury ordered that AIG pay out @💯cents on the $ not the 40-60 they were trading at. GS Was the other side of most of those CDSs.
“Goldman nearly failed in 2008-09. And would have except 5 billion rescue from Berkshire and 10 billion from Troubled Asset Relief Program and a backdoor cash infusion through the Fed's bailout of AIG, Inc., which enabled them pay out on CDS held by GS” @GrantsPub recalls GFC
Part of a letter in about how “language is the medium in which thought is generated” and …
