Trading Particles for Portfolios: The Emanuel Derman Story

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Trading Particles for Portfolios: The Emanuel Derman Story

Emanuel Derman discusses his journey from physics to finance, innovations in financial modeling, collaborations, and memoir.

Monday 24 June 2024

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Podcast Description

In this episode of the QuantSpeak podcast, Dan Tudball is joined by Emanuel Derman. They explore Derman’s transition from physics to finance, his influential work on financial models like Black-Derman-Toy and Derman-Kani, and his collaboration with Fisher Black. Derman also gives insight into the integration of science and finance, and shares a sneak peek of his memoir, “Brief Hours and Weeks: My Life as a Capetonian”.

Topics & Timestamps

[00:00 - 02:08] Guest Introduction, Book Background and Genre, Early Life in Cape Town

[02:08 - 04:00] Formative Influences, Community, and Social Context

[04:00 - 07:26] Themes in the Book, Memory, and the Role of Poetry

[07:26 - 10:04] Leaving South Africa, Transition to the US, and Early Academic Journey

[10:04 - 13:07] Academic and Personal Struggles, Adapting to New Environments

[13:07 - 16:59] Physics Career, Job Market Realities, and Move to Industry

[16:59 - 22:24] Transition to Finance, Finding a Career Path, Mentorship and Early Experiences at Goldman Sachs

[22:24 - 30:27] Research, Collaboration, and the Changing Role of Quants

[30:27 - 46:22] Intellectual Competition, Philosophy of Models, Q vs. P Quants, Science vs. Intuition, and Closing

Disclaimer

Podcasts are for informational purposes only and provided “as is” without any representation or warranty from Fitch Learning of any kind. Comments or statements expressed by speakers may not be those of the Fitch Learning. Fitch Learning is not providing advice or recommendations. Fitch Learning, its directors, officers, or employees do not accept any liability for any loss arising from the use of information.