Page 8 - Harry Markowitz News Today

Six investment chiefs discuss the legendary economist’s theory, and its limitations.

His ideas about risk and diversification became the basis for modern investment strategies.

We’re taking the week off for the 4th of July holiday but we wanted to use this week’s episode to honor Nobel prize winning economist Harry Markowitz, who…

A lot of readers will be surprised to learn that Markowitz described himself as “the grandfather of behavioral finance.”

Harry Markowitz won the 1990 Nobel Prize in economics. Without his groundbreaking work, index funds and 401(k) investing as we know it wouldn’t exist.

Markowitz was best known as the father of modern portfolio theory, which he introduced in 1952 in an article published by the Journal of Finance. He broke with traditional investment analysis by focusing on combinations of assets, rather than individual securities.

Harry Max Markowitz was born on August 24, 1927, in Chicago.

While his Modern Portfolio Theory forced a fundamental change in the assumptions of investing, its central insight remains theoretical.

Multifactor exchange traded funds include funds like the Invesco Russell 1000 Dynamic Multifactor ETF (OMFL).

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