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.

"The extraordinary story of the Nazi-era scientific genius who discovered how cancer cells eat-and what it means for how we should. The Nobel laureate Otto Warburg-a cousin of the famous finance Warburgs-was widely regarded in his day as one of the most important biochemists of the twentieth century, a man whose research was integral to humanity's understanding of cancer. He was also among the most despised figures in Nazi Germany. As a Jewish homosexual living openly with his male partner, Warburg represented all that the Third Reich abhorred. Yet Hitler and his top advisors dreaded cancer, and protected Warburg in the hope that he could cure it"--

George Soros has done more for open societies than any other private citizen in the world. In Underwriting Democracy he describes his experiences helping to bring about democratic change in Eastern Europe—experiences that are especially relevant now that our country has begun to intervene (though in an entirely different way than Soros) to create functioning democracies. Throughout the 1980s George Soros worked to identify and fund the growing political movements that caused the downfall of Eastern Europe's Communist governments. He established foundations, first in his native Hungary, and then in eight other countries, and used them to finance everything from the installation of previously forbidden copying machines in public libraries to the creation of experimental schools, clubs, and workshops for the support of dissidents. This unprecedented, and brilliant, financial and logistical support helped to bring down the communist regimes in peaceful revolutions across the continent. These are thrilling stories about facing down—and getting past—the Communist party powers in order to change these nations from the inside out .

A masterful biographer now offers a thrilling, definitive portrait of one of history’s most legendary icons of adventure. In 1860, sixteen-year-old Joshua Slocum escaped a hardscrabble childhood in Nova Scotia by signing on as an ordinary seaman to a merchant ship bound for Dublin. Despite having only a third-grade education, Slocum rose through the nautical ranks at a mercurial pace; just a decade later he was commander of his own ship. His subsequent journeys took him nearly everywhere: Liverpool, China, Japan, Cape Horn, the Dutch East Indies, Manila, Hong Kong, Saigon, Singapore, San Francisco, and Australia—where he met and married his first wife, Virginia, who would sail along with him for the rest of her life, bearing and raising their children at sea. He commanded eight vessels and owned four, enduring hurricanes, shipwrecks, pirate attacks, cholera, smallpox, a mutiny, and the death of his wife and three of his children. Yet his ultimate adventure and crowning glory was still to come. In 1895 Slocum set sail from Gloucester, Massachusetts—by himself—in the Spray, a small sloop of thirty-seven feet. More than three years and forty-six thousand miles later, he became the first man to circumnavigate the globe solo, a feat that wouldn’t be replicated until 1925. His account of that voyage, Sailing Alone Around the World , soon made him internationally famous. He met President Theodore Roosevelt on several occasions and became a presence on the lecture circuit, selling his sea-saga books whenever and wherever he could. But scandal soon followed, and a decade later, with his finances failing, he set off alone once more—and was never seen again. Geoffrey Wolff captures this singular life and its flamboyant times—from the Golden Age of Sail to a shockingly different new century—in vivid, fascinating detail.

As the founder of financial futures and initiator of Globex, the world's first global electronic trading system, Leo Melamed revolutionized the finance industry. Man of the Futures, his definitive memoir, recounts Melamed's journey from Holocaust survivor and accidental runner at the Chicago Mercantile Exchange (CME), to one of the most prominent leaders in the world of finance. At 33, Melamed gave up a promising law career to pursue his dream of becoming a full-time pit-trader at the CME. He quickly ascended the ranks to become chairman. From there, he set out to disrupt the status quo and ultimately transform both the exchange itself and the broader finance industry. Through daring to embrace innovative ideas many considered absurd, Melamed was a pioneer, continually fighting for modernisation in the financial markets through diversification and the introduction of new technologies. Covering the internal battles waged within the CME, the launch of the International Monetary Market (IMM) and the rise of Globex, this enthralling autobiography details the struggles, scandals and triumphs of a visionary in his field. Together with behind-the-scenes reminiscences about the financial markets, this narrative delves into Melamed's philanthropic work at the US Holocaust Memorial Museum, as well as his fascinating dealings with political figures at home in Chicago, at the White House, and around the world in China, Japan, Singapore, Great Britain, Russia, South Korea, and Brazil. . Man of the Futures offers exclusive access to the rationale behind some of the biggest financial decisions and dealings in the late 20th and early 21st century. Join Leo Melamed for this fascinating and revealing story of a life lived in pursuit of the future. --

Every city and every state needs a Richard Ravitch. In sixty years on the job, whether working in business or government, he was the man willing to tackle some of the most complex challenges facing New York. Trained as a lawyer, he worked briefly for the House of Representatives, then began his career in his family's construction business. He built high-profile projects like the Whitney Museum and Citicorp Center but his primary energy was devoted to building over 40,000 units of affordable housing including the first racially integrated apartment complex in Washington, D.C. He dealt with architects, engineers, lawyers, bureaucrats, politicians, union leaders, construction workers, bankers, and tenants—virtually all of the people who make cities and states work. It was no surprise that those endeavors ultimately led to a life of public service. In 1975, Ravitch was asked by then New York Governor Hugh Carey to arrange a rescue of the New York State Urban Development Corporation, a public entity that had issued bonds to finance over 30,000 affordable housing units but was on the verge of bankruptcy. That same year, Ravitch was at Carey's side when New York City's biggest banks said they would no longer underwrite its debt and he became instrumental to averting the city's bankruptcy. Throughout his career, Ravitch divided his time between public service and private enterprise. He was chairman of the Metropolitan Transportation Authority from 1979 to 1983 and is generally credited with rebuilding the system. He turned around the Bowery Savings Bank, chaired a commission that rewrote the Charter of the City of New York, served on two Presidential Commissions, and became chief labor negotiator for Major League Baseball. Then, in 2008, after Governor Eliot Spitzer resigned in a prostitution scandal and New York State was in a post-financial-crisis meltdown, Spitzer's successor, David Paterson, appointed Ravitch Lieutenant Governor and asked him to make recommendations regarding the state's budgeting plan. What Ravitch found was the result of not just the economic downturn but years of fiscal denial. And the closer he looked, the clearer it became that the same thing was happening in most states. Budgetary pressures from Medicaid, pension promises to public employees, and deceptive budgeting and borrowing practices are crippling our states' ability to do what only they can do—invest in the physical and human infrastructure the country needs to thrive. Making this case is Ravitch's current public endeavor and it deserves immediate attention from both public officials and private citizens.