Nobel Laureate Harry Markowitz
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Harry Max Markowitz is an economist at the Rady School of Management at the University of California, San Diego. He is best known
for his pioneering work in Modern Portfolio Theory, studying the effects of asset risk, correlation and diversification on
expected investment portfolio returns. Dr. Markowitz is also the recipient of the 1989 John von Neumann Theory Prize.
In 1952, Harry Markowitz developed the simple, but profound notion that investors must consider not only return, but the risk
associated with their investments. Markowitz’s ground-breaking discovery earned him the 1990 Nobel Prize in Economics, and sparked
the financial revolution called: Modern Portfolio Theory. Markowitz is widely known as the father of Modern Portfolio Theory. Read more...
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