Saturday, February 26, 2011

Crossed Careers - My Life as a Quant by Emanuel Derman

Crossed Careers
I chose to read this book hoping for some nostalgia about Columbia and NYC. The parallels I share with the author, even though for a very brief period and separated by 40 years of life - Columbia, life at the big apple and some degree of association with wall street made me buy this book, and the author definitely succeeded in evoking some degree of nostalgia in me. I definitely found what I was looking for - beautiful recollections of Columbia, Upper west side and Wall street culture in general.

Physics and Finance are explained in a not-too-complicated fashion, with most of the accounts limited to cursory topical introductions, just enough to give the reader a context. The cultural differences and similarities between academia, bell labs and wall street make for a very interesting read, and is the biggest take-away from the book. The narrative itself is never boring, and the book is very readable.

I guess people familiar with the finance industry obviously have a head-start to enjoy the nuances described by the author, but I don't think this makes it appealing only for them. I am hoping to read a few more such accounts from diverse careers, giving sneak peeks into the world of other careers.