Odd Lots: How a Former Physicist Helped Revolutionize Wall Street
In this week's episode, we speak to Emanuel Derman, one of the pioneers of quantitative finance and the author of the books "My Life as a Quant," "Models. Behaving. Badly." and a forthcoming textbook on option valuation. Derman went from studying physics to Goldman Sachs in 1985 near the dawn of a revolution in how markets traded and assets were valued.
In this week's episode, Derman discusses his career, the changes he witnessed on Wall Street, and what he learned along the way.
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