My Life as a Quant 1 of 2 www.qfinance.com My Life as a Quant Emanuel Derman (2004) Why Read It? • An honest and engaging account of the author’s life, career. In My Life as a Quant, Emanuel Derman relives his exciting journey as one of the first high-energy particle physicists to migrate to Wall Street.

A quantitative analyst or, in financial jargon, a quant is a person who specializes in the application of mathematical and statistical methods – such as numerical or quantitative techniques – to financial and risk management problems. The occupation is similar to those in in other industries. Although the original quantitative analysts were ' quants' from market maker firms, concerned with pricing and, the meaning of the term has expanded over time to include those individuals involved in almost any application of, including the. Examples include, quantitative,, and electronic market making. One of the pioneers of quantitative analysis, promoted into the study of finance. Started in 1900 with 's doctoral thesis Theory of Speculation. 's 1952 doctoral 'Portfolio Selection' and its published version was one of the first efforts in economics journals to formally adapt mathematical concepts to finance.

Markowitz formalized a notion of mean return and covariances for common stocks which allowed him to quantify the concept of 'diversification' in a market. Plugin Sketchup 1001bit Tools Key. He showed how to compute the mean return and variance for a given portfolio and argued that investors should hold only those portfolios whose variance is minimal among all portfolios with a given mean return.

Although the language of finance now involves, management of risk in a quantifiable manner underlies much of the modern theory. In 1965 introduced into the study of finance. Torrent Program Indir Full. In 1969 promoted continuous stochastic calculus and processes.