Harry Markowitz, Nobel economist who changed investing, dies at 95
His ideas about risk and diversification became the basis for modern investment strategies.
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His ideas about risk and diversification became the basis for modern investment strategies.
Harry M. Markowitz, an economist who launched a revolution in finance, upending traditional thinking about buying stocks and earning the Nobel Memorial Prize in Economic Sciences in 1990 for his breakthrough, died Thursday in San Diego. in 1952, he published his dissertation, “Portfolio Selection,” which overturned this common-sense approach with what became known as modern portfolio theory, widely referred to as MPT.
His theory in finance transformed investing and earned him the Nobel Memorial Prize in Economic Sciences in 1990.
He overturned the traditional approach to buying stocks by examining the relationship between risk and reward.
Three centuries of public guides have given us largely similar tips