Harry Markowitz, Nobel economist who changed investing, dies at 95
His ideas about risk and diversification became the basis for modern investment strategies.
Source: pressherald.com
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His ideas about risk and diversification became the basis for modern investment strategies.
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.
The Chicago-born economist redefined money management by showing that diversification could reduce investment risk while maximizing returns.
Harry Max Markowitz was born on August 24, 1927, in Chicago.
Harry Markowitz, who showied that diversification could reduce investment risk while maximizing returns, has died.