Summary
Do not expect to find trading techniques or insights from this book. It is an interesting account of someone who has been working “on the other side of the fence” (a.k.a institution) as a quant. Not just any quant, but one of the famous quants who has his name as part of the Black-Derman-Toy model. It is also a good historical account of the changes going through the financial industry from 1980s to early 2000s. Good read in general for those who are interested in understanding how science transformed the financial markets from the point of view of a scientist.
Book Information
My Life as a Quant: Reflections on Physics and Finance
Written by Emanuel Derman
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