Ideas and Innovation Across Multiple Disciplines: A Discussion with Nobel Laureate Harry M. Markowitz, PhD

Abstract:     
Best known for his pioneering work in portfolio theory, Harry M. Markowitz is a recognized innovator in the fields of finance, economics, and technology. His efforts during the 1950s in creating what is now known as modern portfolio theory - a statistical method for analyzing investment risk and reward - revolutionized the way investments were viewed and evaluated and continues to influence portfolio management today. In 1990, Dr. Markowitz’s work was recognized, along with that of William F. Sharpe and Merton H. Miller, with the Nobel Memorial Prize in Economic Sciences.

In February 2009, Dr. Markowitz spoke with members of the Journal of Investment Consulting’s Editorial Advisory Board about the evolution of portfolio theory, the continued importance of diversification, and his thoughts on the current state of finance and the markets.

Number of Pages in PDF File: 12

Keywords: Modern Portfolio Theory, Harry Markowitz

JEL Classification: E21, G10, G11

Accepted Paper Series