Harry Markowitz Nobel-Winning Pioneer of Modern Portfolio Theory Dies at 95 скачать в хорошем качестве

Harry Markowitz Nobel-Winning Pioneer of Modern Portfolio Theory Dies at 95

Harry Markowitz Nobel-Winning Pioneer of Modern Portfolio Theory Dies at 95: Harry Markowitz was a Nobel Prize-winning economist who is considered the father of modern portfolio theory. His work revolutionized the way that investors think about risk and return, and it has had a profound impact on the financial industry. Markowitz was born in Chicago in 1927. He studied economics at the University of Chicago, and then went on to earn a PhD in mathematics from the University of California, Berkeley. After graduating, he worked as a research associate at the RAND Corporation, where he began to develop his ideas about portfolio theory. In 1952, Markowitz published his seminal paper, "Portfolio Selection." In this paper, he introduced the concept of mean-variance analysis, which is a way of measuring the risk and return of a portfolio of assets. Markowitz's work showed that investors could reduce their risk without sacrificing return by diversifying their portfolios. Markowitz's work was met with immediate acclaim, and he was awarded the Nobel Prize in Economics in 1990. His work has had a profound impact on the financial industry, and it is still used by investors today. Harry Markowitz was a brilliant economist who made a profound contribution to the field of finance. His work has helped investors to make better decisions, and it has made the financial markets more efficient. He is a true pioneer, and his work will continue to be influential for many years to come.