
What do particle physicists and Wall Street traders have in common? How did finance become more like physics, and how is physics now becoming more like finance? Emanuel Derman is an emeritus professor at Columbia in financial engineering and the author of several books including, My Life as a Quant: Reflections on Physics and Finance and Models. Behaving. Badly.: Why Confusing Illusion with Reality Can Lead to Disaster, on Wall Street and in Life. His work examines the entanglement of physics and finance, using memoir to reveal hidden truths about the theories and models practitioners rely on. Greg and Emanuel discuss his transition from physics to Wall Street, revealing that he found finance to be more social and creative. They also explore how early quant work required both theory and hands-on programming, what distinguishes models from theories, and why, despite some superficial similarities, the fields of finance and physics couldn’t be more different. *unSILOed Podcast is ...
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