Wall Street Journal, August 2007 In 1985, when I left academia and began putting my physics training to work on Wall Street, I talked eagerly…
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People who haven?t lived and died by financial models often have difficulty understanding how they are used. In physics or engi- neering, a theory predicts…
Comments closed(After Goethe) The fluorescent tubes Are dim. In all the cubes You cannot glimpse One screen aglow. Even the Spanish cleaning lady’s dined. One last…
Comments closedAlong with Fischer Black, Emanuel Derman is one of the people responsible for molding Goldman Sachs? reputation of the late eighties and early nineties. Derman…
Comments closedThe 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 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 closedIn this paper we present an arbitrage pricing framework for valuing and hedging contingent equity index claims in the presence of a sto- chastic term…
Comments closedWhat is the purpose of modelling, in any field? Clearly, it is divination whether foretelling the future, or controlling it. So my task here is…
Comments closedWhat is the purpose of modelling, in any field? Clearly, it is divination whether foretelling the future, or controlling it. So my task here is…
Comments closedjpm-reflections_on_fischer I first met Fischer in 1986, several months after I came to work in Fixed Income Research at Goldman, Sachs & Co. I knew…
Comments closedI’m very pleased and honored to be here and to say a few words about Fischer on this occasion. But, both for my sake and…
Comments closedPublished in RISK, 10(6) Jun. 1997, p. 75 I often interview job candidates with degrees in science or finance. I `m always glad if they…
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