36: How A Quant Saw Huge Changes That Took Place on Wall Street

Emanuel Derman was one of the pioneers of quantitative finance, having gone from studying physics to working on Wall Street in 1985. His memoir, My Life as a Quant, is a must-read book that tracks the evolution of finance in recent decades as it's become more and more driven by mathematics. In the latest episode of Odd Lots, Derman discusses his career, the difference between finance models and physics models, and where Wall Street is going next.