In My Life as a Quant, Emanuel Derman relives his exciting journey as one of the first high–energy particle physicists to migrate to Wall Street. Page by page, Derman details his adventures in this field—analyzing the incompatible personas of traders and quants, and discussing the dissimilar nature of knowledge in physics and finance. Throughout this tale, he also refle...
In My Life as a Quant, Emanuel Derman relives his exciting journey as one of the first high–energy particle physicists to migrate to Wall Street. Page by page, Derman details his adventures in this field—analyzing the incompatible personas of traders and quants, and discussing the dissimilar nature of knowledge in physics and finance. Throughout this tale, he also reflects on the appropriate way to apply the refined methods of physics to the hurly–burly world of markets.
But no mathematical model can capture the intricacies of human psychology. Watching traders occasionally put too much faith in the power of formalism and mathematics , I saw that if you listen to the models' siren song for too long, you may end up on the rocks or in the whirlpool. (查看原文)
Models are better regarded as a collection of parallel thoughts universes you can explore. Each universe should be consistent, but the actual financial and human world, unlike the world of matter, is going to be infinitely more complex than any model we make of it. We are always trying to shoehorn the real world into one of the models to see how useful an approximation it is.
You must always ask: Does the model give you a set of plausible variables to describe the world, and a set of relationships between them that permits its analysis and investigation? You're always trying to make a limited approximation of reality, using variables that people can comprehend, so that you can say to yourself or your boss, for example, " I was short emerging-market volatility, so we lost money when the cri... (查看原文)
就是My Life as a Quant: Reflections on Physics and Finance的作者，我从PDF上面弄下来的。 Emanuel Derman is a South African-born academic, businessman and writer. He is best known as a quantitative analyst, and author of the book My Life as a Quant: Reflecti...
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The book commences with a history of physics that is reminiscent of "The Elegant Universe" by Brian Greene. From Newton to Maxwell to Einstein and beyond, Derman discovers the great theories of yesterday and finds himself in the middle of a seven year marat...
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The book commences with a history of physics that is reminiscent of "The Elegant Universe" by Brian Greene. From Newton to Maxwell to Einstein and beyond, Derman discovers the great theories of yesterday and finds himself in the middle of a seven year marat...
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Veritaz在规划
Wiley2004版
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Wiley2004版
苇间疯
中信出版社2007版
502的牛
中信出版社2007版
chankiw
中信出版社2007版
chankiw
中信出版社2007版
0 有用 clover 2011-12-03
作者挺自恋的
0 有用 J.X 2018-12-14
new edition
0 有用 心不在焉 2011-12-27
Laughter in the dark. 对现在的我很有激励作用。
0 有用 半人马星 2012-03-23
主要扯了半天自己物理学家的生涯
1 有用 磷酸玻璃 2018-02-01
作者是哥大金工项目的director，这本书更类似于自传记录？ 虽然是life as quant 前半本书都在说物理相关哈哈。但是后面关于从物理转行到金工的部分很真实也很多思考。包括和Fisher共事的部分也从实践角度分析了bsm公式，是非常行业insight的一些文字。很受用。 作者文风轻松幽默，刻画人物白描居多但是也不乏生动。专业部分以后会再慢慢研究。 很喜欢卷首的话，ambitious是来自... 作者是哥大金工项目的director，这本书更类似于自传记录？ 虽然是life as quant 前半本书都在说物理相关哈哈。但是后面关于从物理转行到金工的部分很真实也很多思考。包括和Fisher共事的部分也从实践角度分析了bsm公式，是非常行业insight的一些文字。很受用。 作者文风轻松幽默，刻画人物白描居多但是也不乏生动。专业部分以后会再慢慢研究。 很喜欢卷首的话，ambitious是来自于对现状的不满。 (展开)
0 有用 君问结网 2020-12-30
过去的一段故事
0 有用 呈小禾 2020-06-15
第二遍读，更多的震撼与感动。2018年5月，我从哥伦比亚大学毕业买了这本书送给Jason，即将开始职业生涯的我，满是踌躇之志。两年后的今天，我已经辞职，要踏上新的旅程。人生如翻山，一重又一重。看这本自传的前半部仿佛看到了自己的生活，其中传递出的亲切的鼓舞，让我知道无论多么成功聪明的人，在一生中都会遭遇打击、歧路、孤独、自我怀疑。而这些困难永远迭代与人生紧密相随，持续的走下去才是唯一的答案，而只有那... 第二遍读，更多的震撼与感动。2018年5月，我从哥伦比亚大学毕业买了这本书送给Jason，即将开始职业生涯的我，满是踌躇之志。两年后的今天，我已经辞职，要踏上新的旅程。人生如翻山，一重又一重。看这本自传的前半部仿佛看到了自己的生活，其中传递出的亲切的鼓舞，让我知道无论多么成功聪明的人，在一生中都会遭遇打击、歧路、孤独、自我怀疑。而这些困难永远迭代与人生紧密相随，持续的走下去才是唯一的答案，而只有那些能够唤醒内心真正热爱的东西才能让我们一直走下去。每一步的成绩都不是一蹴而就，背后是岁月沉重的积累。会再写一篇书评的 (展开)
0 有用 灌县王契 2020-05-09
理论物理博士转金融的故事，我博士刚毕业开始读的，如今工作一年了，换工作的间隙读完。好多地方感同身受。
0 有用 Backwater 2020-03-31
A quite enjoyable read. 作者内心自始至终依然是个研究向的物理学家。
0 有用 Nowhere 2020-03-03
总是在IEOR遇到的教授，可惜没去旁听他的implied volatility smile. （读了1/2，读到他进了GS。教授看起来不太好相处，后面的内容不再期待，弃了）