Brief Hours and Weeks is the author's account of growing up in a small, tightly knit, first-generation Polish-Jewish community in Cape Town in the 1940s, 50s, and 60s.

Observing through at first naive and then later more sophisticated eyes, he describes his childhood and youth in a protective off-the-boat immigrant Jewish family in very British-Commonwealth South Africa as apartheid becomes increasingly coercive.

Through vivid and candid personal stories, he brings to life a time, place, culture, people, and set of mores that no longer exist. At 21, he leaves Africa to study in America.

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.

Quants, physicists working on Wall Street as quantitative analysts, have been widely blamed for triggering financial crises with their complex mathematical models. Their formulas were meant to allow Wall Street to prosper without risk. But in this penetrating insider's look at the recent economic collapse, Emanuel Derman--former head quant at Goldman Sachs--explains the collision between mathematical modeling and economics and what makes financial models so dangerous. Though such models imitate the style of physics and employ the language of mathematics, theories in physics aim for a description of reality--but in finance, models can shoot only for a very limited approximation of reality. Derman uses his firsthand experience in financial theory and practice to explain the complicated tangles that have paralyzed the economy. "Models.Behaving.Badly. "exposes Wall Street's love affair with models, and shows us why nobody will ever be able to write a model that can encapsulate human behavior.