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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.

Nobel laureate Harry M. Markowitz, whose work in modern portfolio theory gave birth to the field of quantitative finance, has died at age 95.

He overturned the traditional approach to buying stocks by examining the relationship between risk and reward.

The Nobel Prize for Economics, say economists, is the most prestigious award anybody can receive in the field of economics.

Three centuries of public guides have given us largely similar tips