"When I asked Derman recently about his early years in finance, he said that at first he felt that quant, like rocket scientist before it, was largely a derogatory put-down for the brainy newcomers, many of them foreign-born: 'two-thirds pejorative, one-third grudging praise,' by his calculation."
http://www.nytimes.com/2010/05/16/magazine/16FOB-OnLanguage-...
"When I asked Derman recently about his early years in finance, he said that at first he felt that quant, like rocket scientist before it, was largely a derogatory put-down for the brainy newcomers, many of them foreign-born: 'two-thirds pejorative, one-third grudging praise,' by his calculation."