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Quote by Emanuel Derman

“Even in the mid-1990s geeks were fair game. One afternoon a colleague and I were standing on either side of one of the narrow aisles between the banks of trading desks on the floor when one of the chief traders walked between us, his head momentarily between ours. At that instant he winced, clutched his head with both hands as though in excruciating pain, and exclaimed, “Aarrggh-hhh! The force field! It’s too intense! Let me out of the way!”

Quote by Emanuel Derman

Work

My Life as a Quant: Reflections on Physics and Finance

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Emanuel Derman

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“When we entered a classroom we always tossed our caps on the floor, to free our hands; as soon as we crossed the threshold we would throw them under the bench so hard that they struck the wall and raised a cloud of dust; this was "the way it should be done." But the new boy either failed to notice this maneuver or was too shy to perform it himself, for he was still holding his cap on his lap at the end of the prayer. It was a head-gear of composite nature, combining elements of the busby, the lancer cap, the round hat, the otter-skin cap and the cotton nightcap--one of those wretched things whose mute ugliness has great depths of expression, like an idiot's face. Egg-shaped and stiffened by whalebone, it began with three rounded bands, followed by alternating diamond-shaped patches of velvet and rabbit fur separated by a red stripe, and finally there was a kind of bag terminating in a cardboard-lined polygon covered with complicated braid. A network of gold wire was attached to the top of this polygon by a long, extremely thin cord, forming a kind of tassel. The cap was new; its visor was shiny. "Stand up," said the teacher. He stood up; his cap fell. The whole class began to laugh. He bent down and picked it up. A boy beside him knocked it down again with his elbow; he picked it up once again. "Will you please put your helmet away?" said the teacher, a witty man.”