Showing posts with label new york city. Show all posts
Showing posts with label new york city. Show all posts

The Perilous Road Review

The Perilous Road
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I read the book The Perilous Road by William O. Steele. If you like exciting books you should read this one. I really don't like to read but this book I really enjoyed reading. The story takes place during the Civil War. Chris Brabson hates the union troops for many reasons. He tries ro get them back for stealing their food through a variety of ways.

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Tempestuous (Wondrous Strange) Review

Tempestuous (Wondrous Strange)
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The final installment in Lesley Livingston's "Wondrous Strange" trilogy picks up where its predecessor, DARKLIGHT, left off. Young actress Kelley Winslow, a faerie royal raised among humans, has found love with Sonny Flannery, a human changeling part of the Janus Guard, a group of changelings who protect the mortal realm from rogue faeries. But there's trouble in the faerie world: Kelley's father, Auberon the Winter King, is dying. Sonny's orgins turn out to be more powerful than imagined. The Janus Guard are attacking fae stragglers on Earth without logical reason. And Kelley, trying to Sonny from his unknown power, says she doesn't love him.
Kelley spirals into a depression after Sonny leaves after her lie; Sonny, in the meantime, is taken in by a group of lost fae. They both struggle with their feelings toward the other. In the meantime, rogue Janus are continuing their assault on lost faeries; Auberon is still dying; Kelley must also juggle getting a hold of her powers and trying to set things right. The Fennrys Wolf, fierce Janus Guard, has also been slowly creeping up into her life.
TEMPESTUOUS should NOT be taken lightly. There are battles. Some are gruesome, and the descriptions are more disturbing compared to the first two books. The writing still flows romantically, even when describing the fights. The intrigue of who's behind the Janus attacks and Auberon's illness is well paced; the realization definitely left me speechless.
The relationship between Kelley and the Fennrys Wolf was bittersweet. Starting with DARKLIGHT, the Wolf's thaw from raging warrior to Kelley's unrequited protector was a nice transition. With the publishing world's obsession with love triangles, I didn't mind this one, because Kelley's heart was with Sonny, which the Wolf knew. There is a Big Misunderstanding thrown in between them, but they cared about each other regardless. Very poignant. Call me crazy, but it works for me.
The world of faerie is described as a beautiful yet treacherous place, populated by equally beautiful and treacherous creatures, from water spirits to ogres, leprechauns and goat-footed women, ruled by power hungry royals. You're instantly pulled into the deceit of the dair folk.
Some of the weak parts include the first third of the book. It drags a bit because both Kelley and Sonny spend a lot of time feeling sorry for themselves because of their Big Misunderstanding. Too much moping, not enough acting. Fortunately when things pick up, they're able to pull themselves out of their funks and act. As I mentioned before, the results aren't always neat and tidy. I like Kelley and Sonny as a couple. Beginning with WONDROUS STRANGE, the first book in the series, they compliment each other well. They fall in love too quickly, but I believe their feelings are real.
There's a lot of unwarranted bickering during some scenes. Why are you going to argue NOW when there's a murderous fae coming at you?
Of course, there is Shakespeare. THE TEMPEST is the play in the book, which is appropriate because of the storm brewing between the human and faerie worlds. An okay compliment to the fantastical tale.
All in all, a vivid conclusion to a fun, entertaining series. This is a faerie tale with action, drama, and touching romance. I'm sad to leave, but this is one journey I'll go back to often.

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My Life as a Quant: Reflections on Physics and Finance Review

My Life as a Quant: Reflections on Physics and Finance
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The book commences with a history of physics that is reminiscent of "The Elegant Universe" by Brian Greene. From Newton to Maxwell to Einstein and beyond, Derman discovers the great theories of yesterday and finds himself in the middle of a seven year marathon to a PhD and the launch of his academic career.
The struggle for intellectual purity and the distain for applied work abound in Derman's academic environment and the pressures of achieving greatness are pronounced in a place where genius is a commodity.
In a leap of faith, Derman decides to return to New York to spend more time with his family and to surrender to what he considered a less dignified job.
Lost in the Dilbert-esque hierarchies of the Bell Labs, Derman discovers the joy of programming, while submerged in office politics. After numerous attempts of beating the currents, Derman finally reaches the shores of Wall Street and is relieved to find an avant-garde environment, where meritocracy is no longer a foreign word.
The initial period of awakening takes place at Goldman Sachs, where he is mentored by Fischer Black, one of the great financial practitioners of our time. Derman is immediately impressed by Black's pragmatic style and intuitive quest for simplicity.
Black's influence becomes evident in the lucid and accessible description of the famous Black-Derman-Toy interest rate model and the subsequent elaborations on local volatility models that are at the foundation of more exotic instruments (which cannot be accurately priced using the overly simplistic implied volatility provided by the Black-Scholes-Merton model).
The author discusses the process of deriving original models and emphasizes that the elegant stochastic calculus derivations of these models are deceptively simple and make it difficult for students to fully appreciate the amount of effort that went into developing the initial embodiments -- what seems obvious now was once heavily debated.
Armed with the recently acquired knowledge, Derman accepts a new challenge at Salomon Brothers, doubling his compensation in the process. Unfortunately, the unhealthy competitiveness at Salomon forces him to reconsider quickly and he returns to Goldman after an undeserved layoff. The roundtrip allows Derman to develop an appreciation for the collaborative environment at Goldman.
Throughout the book, the interactions with family members, professors, bosses, traders, programmers and sales people are both amusing and enlightening. Derman succeeds in blending physics, finance, and human emotion in this masterful and entertaining autobiography.


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In My Life as a Quant, Emanuel Derman relives his exciting journey as one of the first high-energy particle physicists to migrate to Wall Street. Page by page, Derman details his adventures in this field—analyzing the incompatible personas of traders and quants, and discussing the dissimilar nature of knowledge in physics and finance. Throughout this tale, he also reflects on the appropriate way to apply the refined methods of physics to the hurly-burly world of markets.

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