Insights from a Pioneer in Portfolio Theory and Practice: A Talk with Nobel Laureate William F. Sharpe, PhD
16 Pages Posted: 3 Nov 2010
Date Written: November 3, 2010
Architect of the capital asset pricing model. Creator of the Sharpe ratio for investment performance analysis. One of the fathers of modern portfolio theory. Contributor to the binomial method for the valuation of options, the gradient method for asset allocation optimization, returns-based style analysis for evaluating the style and performance of investment funds…. The list goes on. The world of financial economics has been shaped by the pioneering work of William F. Sharpe, Ph.D., work that was recognized, along with that of Harry M. Markowitz and Merton M. Miller, with the Nobel Memorial Prize in Economic Sciences in 1990.
In late 2004, Dr. Sharpe talked with members of the Journal of Investment Consulting’s Editorial Advisory Board about the development of some of his noted theories, their applicability in today’s markets, and areas of financial economics that he believes need further exploration.
JEL Classification: G0, G10, G11, G20
Suggested Citation: Suggested Citation