The Legacy of Fischer Black. Edited by Bruce N. Lehmann. Oxford University Press, Inc. 198 Madison Avenue, New York, New York 10016, USA. 306 pages,…
Comments closedAuthor: Emanuel Derman
? In implementing models, one of the most common mistakes I’ve made, and seen others make, is to check them sloppily. For example, suppose you…
Comments closedI was looking at blogs on google and I found one that referrred to an article I once wrote on how to get a job…
Comments closedNever done a blog before. If you want to know more about me, look at www.emanuelderman.com……. Bombs away. The other night I went to see…
Comments closedIn basketball, doing something patently illegal can be beneficial. In cricket, on the other hand, there is absolutely no advantage to breaking the rules. The…
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Comments closedAs physics students at the liberal University of Cape Town in apartheid-era South Africa, we looked down on engineering students. They had a reputation for…
Comments closedIntroduction to the Japanese Edition of My Life as a Quant” I first visited Tokyo in 1990, when I worked at Goldman, Sachs & Co.…
Comments closedI first visited Tokyo in 1990, when I worked at Goldman, Sachs & Co. as head of the Quantitative Strategies group. Our job was to…
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Following the footsteps of his favourite anthroposophist Rudolf Steiner, Derman opens to the readers the complexities and confusion of life, the mistakes as well as…
Comments closedHow well does options pricing theory really work, and how dependent is it on the notion of dynamic replication? In this note we describe what…
Comments closedThe chapter “Easy Travel to Other Planets,” about Fischer Black, is worth the price of this book. Slashdot | My Life as a Quant
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my-life.fajreview
Comments closedHas Quantitative Finance reached its limits? I intend to answer this from a principled point of view, in the same spirit as someone might answer…
Comments closedNot many WallStreet veterans could write: “Visiting clients in Madrid, I dropped into the Thyssen museum, where I stumbled across several [Arthur] Dove paintings .…
Comments closedMy Life As A Quant: Reflections on Physics and Finance Financial Engineering News is pleased to publish this excerpt from the new book by Dr.…
Comments closedDerman, who remarks wryly that about 10 per- cent of his projected life span was spent getting a Ph.D. at Columbia, wrote his thesis on…
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Comments closedjobs.riskcolumn Emanuel Derman gives careers advice to those seeking a job in today’s finance markets.? You’ll have to have plenty of education, and intuition…
Comments closedThey used me as a model for a fictional professor of sports statistics
Comments closedWhere the Betas are Zero and the Excess Returns are All Above Average Recently I became interested in ‘alternative investment management’, the nowfashionable euphemism (NFE)…
Comments closedIt’s All Greeks to Me With my scientific PhD, I find option theory easy as π. I have studied heat conduction and quantum mechanics…
Comments closedEmanuel Derman says it is essential for the aspiring super-quant to overlay theoretical knowledge with pragmatic common sense. For the past few months, I?ve been…
Comments closedTrading Volatility as an Asset FULL Volatility is a useful trading hedge against all kinds of disasters. How can you trade it? Calls and puts…
Comments closedThe Problem the Volatility Smile Amsterdam Though the smile first appeared in options markets in 1987, I had it brought to my attention in Tokyo…
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Comments closedThese are paranoid times in America, but justifiably so, and when I became Chairman of the Award Committee that eventually nominated Jon Ingersoll to be…
Comments closedBy Nina Mehta Emanuel Derman was one of the early rocket scientists to make the shift to finance. He received his Ph.D. in theoretical particle…
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