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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.
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.
Plaintiff Edith Niedert alleged that she developed lung cancer as a result of her exposure to asbestos from laundering the clothing of her husband, Paul Niedert. From 1956 to 1993, Mr....