01 August 2012

Emanuel Derman: Quantitative Investing and the Limits of Financial Models (Video Interview)

Posted In: Alternative Investments, Quantitative Methods

Before heading off to the CFA Institute Financial Analysts Seminar in Chicago in late July, Emanuel Derman, a leading practitioner of quantitative finance, stopped by our New York offices for a brief interview. Derman, whose latest book is called, Models.Behaving.Badly: Why Confusing Illusion with Reality Can Lead to Disaster, on Wall Street and in Life, spoke about his motivations for writing the book, the origin and application of “The Financial Modelers’ Manifesto,” which he coauthored with Paul Wilmott, and the limits of quantitative finance.

Please note that the content of this site should not be construed as investment advice, nor do the opinions expressed necessarily reflect the views of CFA Institute.

Tags: CFA Institute Conferences, CFA Institute Seminar for Global Investors, Emanuel Derman, Hedge Funds, quantitative finance, Videos

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About the Author(s)

Jason Voss, CFA

Jason Voss, CFA, tirelessly focuses on improving the ability of investors to better serve end clients. He is the author of the Foreword Reviews Business Book of the Year Finalist, The Intuitive Investor and the CEO of Active Investment Management (AIM) Consulting. Previously, he was a portfolio manager at Davis Selected Advisers, L.P., where he co-managed the Davis Appreciation and Income Fund to noteworthy returns. Voss holds a BA in economics and an MBA in finance and accounting from the University of Colorado.

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My statement of ethics is very simple, really: I treat others as I would like to be treated. In my opinion, all systems of ethics distill to this simple statement. If you believe I have deviated from this standard, I would love to hear from you: jason@jasonapollovoss.com