In this episode I talk with Dr. Damian Handzy. In theepisode we talk about physics, finance and how the two disciplines are intertwined. We talk about how Damian became interested in science and math as a child, how he became interested in physics as an undergraduate in University of Pennsylvania, Damian’s PhD thesis in experimental nuclear physics, pivoting from nuclear physics to finance, financial risk and how behavioral economicsaffects the markets and the economy. Towards the end we discuss complex systems and the difficulty in generalizing complex systems such as the financial markets. I hope you enjoy! Damian’s PhD Thesis: https://d.lib.msu.edu/etd/29876 ARTICLES:Young’s Double Split Experiment Explanation from KhanAcademy: https://www.youtube.com/watch?v=Pk6s2OlKzKQDOE Explains...The Strong Force: https://www.energy.gov/science/doe-explainsthe-strong-forceDiscovery of the electron and nucleus from Khan Academy: https://www.khanacademy.org/science/class-9-chemistry/a/discovery-of-the-electron-and-nucleusWhat is a Credit Rating? from S&P Global: https://www.spglobal.com/ratings/en/credit-ratings/about/understanding-credit-ratingsAn Econometric Model of Serial Correlation and Illiquidityin Hedge Fund Returns by Andrew Lo, Mila Getmansky and Igor Makarov: https://ideas.repec.org/p/mit/sloanp/1838.htmlCredit Spread: What It Means for Bonds and Options Strategyfrom Investopedia: https://www.investopedia.com/terms/c/creditspread.aspUnderstanding Value at Risk (VaR): Explanation andCalculation Methods from Investopedia: https://www.investopedia.com/articles/04/092904.aspBlack-Scholes Model: What It Is, How It Works, and OptionsFormula from Investopedia: https://www.investopedia.com/terms/b/blackscholes.aspIs the Flurry of Circular AI Deals a Win-Win—or Sign of aBubble? from the Wall Street Journal: https://www.wsj.com/tech/ai/is-the-flurry-of-circular-ai-deals-a-win-winor-sign-of-a-bubble-8a2d70c5BOOKS:Skin in the Game by Nassim Nicholas TalebFlash Boys: A Wall Street Revolt by Michael LewisScale: The Universal Laws of Growth, Innovation,Sustainability, and the Pace of Life in Organisms, Cities, Economies, andCompanies by Geoffrey WestThe Mind of the Market: Compassionate Apes, CompetitiveHumans, and Other Tales from Evolutionary Economics by Michael ShermerAgainst the Gods: The Remarkable Story of Risk by Peter L.BernsteinThe Origin of Wealth by Eric BeinhockerThe Black Swan by Nassim Nicholas TalebThinking, Fast and Slow by Daniel KahnemanHow to Decide: Simple Tools for Making Better Choices byAnnie DukeCONNECT: LinkedIn:https://www.linkedin.com/in/adrian-dolinay-frm-96a289106/ GitHub: https://github.com/ad17171717 X:https://twitter.com/DolinayG Odysee: https://odysee.com/@adriandolinay:0 Medium: https://medium.com/@adriandolinay PODCAST: Apple Podcasts: https://podcasts.apple.com/podcast/id1765996824Audible: https://www.audible.com/pd/B0DC73S9SNiHeart Radio: https://iheart.com/podcast/202676097/ Spotify:https://open.spotify.com/show/60dPNJbDPaPw7ru8g5btxV |-Video Chapters-|0:00 – Intro1:41 – The beginning of Damian’s interest in STEM5:14 – Damian shifting from pre-med to physics and math9:31 – Studying nuclear physics11:09 – Summer research internship at Indiana University Bloomington14:18 – Choosing Michigan State over MIT for a PhD16:29 – How nuclear was perceived in the late 20th century19:37 – Damian’s Experimental Nuclear Physics PhD thesis34:19 – The importance of fundamental STEM research38:56 – Damian’s pivot from nuclear physics to finance41:36 – Defining risk in finance56:21 – Working in the finance industry during the Great Financial Crisis of2008-091:02:36 – The origins of the Black Scholes Merton Model1:08:06 – Potential financial risks in 2025 and beyond1:26:35 – Damian’s advice to aspiring financiers and physicists1:32:53 – Book Recommendations1:37:00 – Conclusion

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