Summary:
The book chronicles the journey of a physicist who transitions into the world of finance, applying his scientific expertise to the development of quantitative financial models. It provides insights into the intersection of market forces and mathematical theories, as well as a personal narrative of adapting to a new industry.
Key points:
1. Physics vs. Finance: Emanuel Derman compares physics and finance, noting that while physics has universal laws, finance is unpredictable due to human behavior.
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