Emanuel Derman, a Physicist in Finance

Barry Ritholtz is a Bloomberg View columnist. He founded Ritholtz Wealth Management and was chief executive and director of equity research at FusionIQ, a quantitative research firm. He blogs at the Big Picture and is the author of “Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy.”
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In our latest Masters in Business podcast, we speak with Emanuel Derman, director of the graduate program in financial engineering at Columbia University, and the author of "My Life as a Quant" and "Models.Behaving.Badly." Derman also is the co-author of the "Financial Modelers' Manifesto," a set of precepts for modelers.

One of the first high-energy particle physicists to enter finance, Derman spent 17 years on Wall Street, eventually becoming the head of the quantitative strategies group at Goldman Sachs. Anyone interested in financial modeling, quantitative analysis and the rise of mathematics on Wall Street will likely find this a fascinating discussion.

You can stream the full podcast below, or download it on Apple iTunesBloomberg, or SoundCloud. All of our earlier podcasts are available iTunesSoundcloud and Bloomberg.

This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.

To contact the author of this story:
Barry Ritholtz at britholtz3@bloomberg.net

To contact the editor responsible for this story:
James Greiff at jgreiff@bloomberg.net